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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.
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Caldwell mortgage quotes news:
Life after Imani - Syracuse Post-StandardFamily photo Imani Jennings: Born 2007. Died 2008. It is all too easy, in a time of routine mayhem on the streets, to reach a point where we can skip past a murder in the paper. But the killing of 20-month-old Imani Jennings was one of those rare ...
Labor warns McCain about crowds - Boston GlobeThe head of the nation's biggest labor federation is joining the chorus of voices warning about the increasingly angry crowds coming to John McCain's campaign events. At rallies this week , McCain's criticisms of Democrat Barack Obama have been met ...
Beautiful Miss Idaho in LCHS Parade - Spokane Spokesman-ReviewHow about a photo of Coeur d'Alene's newest Sweetheart to end the week? Miss Teen Idaho, Estrella Atkinson , a senior at Lake City High School, along rain soaked Sherman Avenue, Friday afternoon during the Lake City High School Homecoming Parade ...
203,289 have voted early in Northeast Ohio - Cleveland Plain Dealer BlogClick here to download this graphic on advance voting for the presidential election (pdf). Already one in 10 registered voters in Northeast Ohio has cast a ballot for president, local candidates and tax issues on Nov. 4 ballots. Numbers supplied by ...
Wild Card/Vacation Day 11 of 12 - Spokane Spokesman-ReviewOnly 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 ...
Do you want socialism? - Northwest HeraldDo you want a socialist state? If not, I urge you, your family, and friends to vote for Sen. John McCain and Gov. Sarah Palin. Now it is clear to me that Obama’s real agenda is socialism. His tax credits for folks paying no taxes are in essence the ...
Racism not relegated to rural America - Ironton OnlineU.S. Rep. John Murtha made a comment Wednesday about a region of his state of Pennsylvania that raised a few eyebrows. Citing race as the lone factor why some voters in the western part of the state will not vote for Democratic presidential candidate ...
Handshake ‘disrespect by Boruc’ - Sunday HeraldNACHO NOVO last night accused Artur Boruc of displaying a lack of respect to football after the Polish goalkeeper declined the offer of a handshake from Barry Ferguson, David Weir and Lee McCulloch at the final whistle of yesterday's Old Firm game ...
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