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Today's Mortgage Terms starting with P

Payment Cap:

A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.

Point:

A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.

Pre-Approval:

The process of calculating how much money a potential homebuyer could borrow.

Prepayment Penalty:

A lender's charge to the borrower for paying down the loan before the end of its term.

Pre-Qualification:

A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.

Principal:

It is the amount of money borrowed or owed, excluding interest.

View all Terms
Lake mortgage quotes news:
Financial News
D-158 teachers reject contract offer - Northwest Herald
HUNTLEY – More than 400 teachers union members of the estimated 450 present during Tuesday’s vote rejected the District 158 board’s final contract offer, union representatives said. “The teachers are still committed to getting a fair contract ...

Turn services over to private sector - Atlanta Journal Constitution
Despite a 12-year job-performance record that included “fights with co-workers, chronic tardiness, insubordination, repeated sleeping on the job and numerous mistakes routing emergency calls,” it wasn’t until a major 911-call blunder ended with ...

History's Back - Weekly Standard
Earlier in the summer, fashion designers held a $10,000-per-plate fundraiser for Barack Obama featuring his fashionable wife Michelle. Now with Mercedes-Benz Fashion Week in NYC just around the corner, the fashion industry will be using the hype ...

Editor's Mailbag - Globe Gazette
I’m writing in response to the article in the Jan. 11 issue of the Globe Gazette titled “Casinos bristle at fines.” First, let me clarify that I am not defending casino gambling simply because I live in Worth County. I’m not defending ...

Corrections and clarifications - Milwaukee Journal Sentinel
An article Tuesday about Hispanic voters in the Midwest incorrectly identified Phil Walzak. He is a spokesman for Democrat Barack Obama's presidential campaign, not for Republican John McCain's campaign. A quote Tuesday in a Public Investigator ...

Wild Card/Vacation Day 11 of 12 - Spokane Spokesman-Review
Only two more shopping days until I return to the final days of the City Council campaigns. Then, we'll have fun taking apart the campaigns. Any dirt yet? Any mudslinging. You know, the good stuff. Or is everyone behaving? My wife is now looking over ...

Latest Rumors - allhiphop.com
Hip-Hop Rumors: The Game: “I Will Tear Jay-Z Limb By Li... Jayceon Taylor is still in lockdown. Gossip site, tmz, reported that he “walked out of Twin Towers Correctional Facility,” but he walked to another jail. LOL! But, they actually talked ...

Seawall divides city - Corpus Christi Caller
George Gongora/Caller-Times State law creates a public easement of 200 feet along all beaches. By the mid-1990s, the beach (seen at high tide) had eroded so much that nearby hotels and condos were within the public easement. The state Legislature ...

Hip-Hop Rumors: Ozone Replies To Critics! Lady Drama an... - allhiphop.com
I am not sure if BET is looking for new hosts on “106 & Park,” but I heard a rumor that might have been confusing things. From what I heard, BET is looking to do another Hip-Hop show. I did hear that they had open casting calls for that as well ...

Wild Card -- Tuesday PM - Spokane Spokesman-Review
Issue : Washington Post confirms 'Deep Throat' ID: Ex-FBI official W. Mark Felt says he was Watergate source /Associated Press. DFO : Not that it makes any difference, but it's nice to know who Deep Throw is/was. And that he, indeed, was a reliable ...

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