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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
Anne Arundel mortgage rates news:
Financial News
For sale, for less - Baltimore Sun
Half the communities in the Baltimore metro area saw average home sale prices decline last year as the housing slump deepened. That's a big change from 2006, the first full year of the downturn, when prices were still rising in eight out of 10 local ...

The 2008 Forecast: Cloudy, With Intermittent Sun - Business Monthly
Another new year is upon us and it begins with degrees of apprehension in various quarters. Sales in the residential housing market have slowed to a crawl, credit is tight, and home fuel and gas prices have shot up sharply in the last year, fueling ...

The Post's annual Housing Outlook provides in-depth analysis of area ... - Washington Post
The median price of single-family houses and townhouses in the Washington region eclipsed $400,000 last year, making inexpensive housing more and more of an oxymoron here. In this special feature, we check the housing market in 13 jurisdictions -- as ...

BRAC team faces 'challenge' - Baltimore Sun
U.S. factories saw a surprisingly hefty increase in their orders for big-ticket products in July, reflecting continued strength in export sales and a boost to business investment from the government's tax stimulus package. Economists, however, remain ...

MI Developments announces fourth quarter and 2007 results - CNW Group
AURORA, ON, March 5 /CNW/ - MI Developments Inc. (TSX: MIM.A, MIM.B; NYSE: MIM) ("MID" or the "Company") today announced its results for the three months and year ended December 31, 2007. All figures are in U.S. dollars ...

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