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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
Kent home equity loans news:
Financial News
All About Him - Slate
McCain Speech React: I predicted McCain's would be a good speech. Wrong again. That makes two successful conventions ending with weak final acts. 1) McCain screwed up what was potentially the most effective part of the speech, where he blames his own ...

September August July June May April March February January 2007 - Nypress.com
Well, it’s official: Rupert Murdoch (illustrated here in an episode of "The Simpsons") is the reigning king of corporate media and nothing sacred is safe from his grasp. According to The Wall Street Journal , News Corp has now secured enough votes ...

Original Watch URL: - Milwaukee Journal Sentinel
Joy Global (JOYG) , benefitting from a record $1.5 billion in new orders, reported a 21.8% jump in operating profit for the fiscal third quarter ending Aug. 1. As a result, the company said 2008 profit will be higher than it previously projected ...

Manufacturing Sector News Stories - Atlanta Journal Constitution
DETROIT — Nearly every major automaker saw its U.S. sales drop in August, but many are seeing signs that the worst slump in recent history may have bottomed out... Facts about Macy's Inc., Tommy Hilfiger Group 09/03/2008 Facts about Macy's Inc. and ...

The Obama Generation - He's No Pied Piper - Common Dreams
He's been called an empty suit. A hack. A panderer. He's faced absurd allegations that he has no specific policy initiatives, no meaningful experience, and no fighting spirit. But of all these distortions, the one that galls me the most is the ...

MONDAY, FEB. 12 - Wall Street Journal
An E.coli outbreak that closed some Taco Bell restaurants in December aggravated investor concern about Yum’s sluggish U.S. performance. That said, the fast-food company is going great guns overseas, which helped boost its stock 24% last year. See ...

Terry Hutchens: IU Q&A - Indianapolis Star
Question: When was the last time a committee of more than 3 people made a timely, intelligent decision? If "someone" thinks a 10 person committee can choose the next coach, wouldn't 20 people do an even better job? How about 30? (Mike in Grand ...

That sinking feeling - Delaware Online
From the moment in March 2006 when Melissa and Greg Thomas moved into the $445,000 house they built on five acres in Clayton, they knew they could barely afford it. Because of various problems that arose during construction, the Thomases have been ...

Corporate Fraud Data Base - Law.com
Last spring, as the five-year anniversary of the Corporate Fraud Task Forceapproached, The American Lawyer set out to review its record of fraudprosecution. This turned out to be a difficult undertaking. The U.S.Department of Justice, after repeated ...

Unversity Place litigation settled - Spokane Spokesman-Review
A settlement has been reached in litigation over the University of Idaho’s failed University Place real estate project in Boise. Under its terms, the UI Foundation will pay $2.5 million and the various parties’ insurers will pay $5.8 million, for ...

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