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Today's Mortgage Terms starting with B

Bankruptcy:

A legal procedure in a federal court to relieve certain debts of a person or a business that is no longer able to pay its debts. Chapter 7 bankruptcy removes all debts. Chapter 13 lets a borrower with and income to pay bills off over a set period of time.

Bearer:

The legal owner of a property.

Bill of Sale:

A document that details the transfer of property.

Biweekly Mortgage:

A mortgage with payments due every two weeks, totaling 26 payments a year, two payments more than a mortgage with monthly payments. The two extra payments lowers significantly the interest paid over the life of the mortgage.

Blanket Mortgage:

A mortgage that includes more than one piece of real estate

Borrower (Mortgager):

An individual who makes an application for and receives funds in the form of a loan and is obligated to repay the loan in full under the conditions of the loan.

Broker:

An individual who gets buyers and sellers together and helps in negotiating contracts for a client.

Buy-Down Mortgage:

A mortgage loan with a lower than market rate for a determined period of time.

Buyer’s Market:

Market conditions that favor buyers. When there are more properties for sale than buyers, sellers may be forced to provide price discounts to close the transaction.

View all Terms
Cass mortgage rates news:
Financial News
Kos, Cass, and Palin - Slate
Well, that's one way to knock down those pregnancy rumors . ... 5:30 P.M. Note to Cass Sunstein and internet alarmists who argue that the Web results in partisans who listen only to their own facts, reinforcing their extreme opinions, etc.: A Daily ...

Ex-BOE Chief George Says Liquidity Crisis Isn't Over (Update1) - Bloomberg
Sept. 3 (Bloomberg) -- Former Bank of England Governor Edward George said it's too soon to say that the global liquidity crisis has abated after measures by central banks to help the financial system. ``The ferocity of that initial wave has moderated ...

Addiction: Buying the Cure at Passages Malibu (89) - Los Angeles Weekly
A battle in the desert over territory and resources, starring hard-shelled refugees, burger-loving insurgents and a couple of dazed road warriors Perched on a bluff above Pacific Coast Highway, Passages Malibu Addiction Cure Center looks more like a ...

Total systemic breakdown, then and now - Salon
You won't find a more favorable demographic for Barack Obama than the parents and teachers of children who attend public school in Berkeley, California. So I can't say I was surprised yesterday, when a whole lot of happy pandemonium broke out during ...

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sources: informars.com, erate.com, Freddie Mac
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