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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

Greene mortgage quotes news:

October September August July June May April March February January ... - Nypress.com
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Park Slope - New York Observer
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Labour’s glee at the fall of HBOS risks backfiring - Sunday Herald
SCOTTISH LABOURITES at their conference in Manchester last week were practically punching the air at the collapse of HBOS. They think the crisis vindicates their Unionism and reveals Alex Salmond as a tartan fantasist living in an economic Brigadoon ...

Beautiful Miss Idaho in LCHS Parade - Spokane Spokesman-Review
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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 ...

The Daily Dose - Sporting News
I find it extremely funny that we as fans and as civilized people feel an impending need to predict everything. We have never been able to simply be satisfied with the unforeseen. This couldn’t be more apparent then in sports. Here are just of the ...