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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
Charles mortgage quotes news:
Financial News
Stock & fund quotes - ninemsn
Metals, oil prices dip * Weak manufacturing, mortgage data deepens economic gloom * Banks fall, pressured by sliding UK property market By Simon Falush LONDON, Dec 1 (Reuters) - Britain's leading share index fell 2.3 percent by midday on Monday as ...

EU mergers and takeovers (Nov 28) - Forbes
-- France's Aeroports de Paris, which operates and manages airport installations, and Swiss airport retailer the Nuance Group, partly owned by Stefanel, form a joint venture to operate shops at the Paris-Charles de Gaulle and Paris-Orly airports ...

WRAPUP 1-BoE's King urges more lending to fend off slump - Forbes
LONDON, Nov 25 (Reuters) - Banks must resume lending if the UK is to avoid a steep recession, Bank of England Governor Mervyn King warned on Tuesday, although he said a government fiscal boost should go some way to fending off a slump. 'I am in no ...

Firstwatch: What's ahead in the news today - Milwaukee Journal Sentinel
Nov. 25, 2008 | A 29-year-old Milwaukee man who was killed in a crash in West Allis this morning has been identified by the Milwaukee County medical examiner's office as Michael W. Cook. West Allis authorities were investigating whether ice might ...

State bank profits plummet - Milwaukee Journal Sentinel
Nov. 25, 2008 10:30 a.m. | One of every six Wisconsin banks posted a loss in the third quarter, figures released Tuesday by regulators show. Although that's better than banks nationally - nearly one in four in the U.S. didn't make a profit in the ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

November 2008 - Weblogs.baltimoresun.com
In an analysis of TV journalism on Wednesday night, I wrote that a red-ball event like the terrorist attacks in Mumbai often provided a great look into a news oganization. But in expressing my dismay at the way MSNBC couldn't let go of the comedic ...

Rebellion over SNP finance package grows in public and private sectors - Scotsman
PRESSURE continued to mount on the Scottish Government yesterday as business and council leaders drew battlelines over SNP policy. As revealed in The Scotsman, leaders of Scotland's leading business organisations, known as the Group of Six, met with ...

On politicians’ pay, parents’ responsibility - Atlanta Journal Constitution
Atlanta’s next mayor should be paid $225,000, up from $147,500, advises one of those commissions that politicians appoint to provide pay-raise cover. Ostensibly the higher pay is to attract better candidates. That assumes, of course, that losers ...

'Sassy' Elisabeth Hasselbeck believes in Maverick Sarah Palin - Popwatch
That is just one issue on his background. I find it interesting that two Wits have been sent to the US Supreme Court ... one from PA and one from New Jersey on the background issue. It isnt lame and serious ramifications do exist if the background ...

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