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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.
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The latest
Mortgage News:
A brutal test in student borrowing - Boston GlobeMaria Ferraguto is finding it difficult to relax this summer. She's too busy figuring out how to pay for her son Michael's senior year at the College of the Holy Cross. Some of the stress feels familiar. Maria and her husband, Paul, have been writing ...
Find Vacation Homes Now at Bargain Prices - WTVFMinnesota's Cross Lake glistens in the spring sunshine as real estate agents Jeremiah Bicknese and Tricia Erickson inspect waterfront homes listed for sale. One drab, four-bedroom rambler needs paint but is redeemed by a two-level wraparound deck ...
Banking Sector Results Describe Commercial RE, Construction Lending ... - Seekingalpha.comWashington Mutual, Inc. Q2 2008 Earnings Call Transcript . “Kerry K. Killinger, CEO: Healthy markets continue to be under great pressure but… we are seeing some leveling in early stage delinquencies for home equity and subprime loans however ...
Sovereign Bancorp, Inc. Q2 2008 Earnings Call Transcript - Seekingalpha.comGood morning. My name is Felicia and I will be your conference operator today. At this time, I would like to welcome everyone to the second quarter 2008 earnings conference call. All lines have been placed on mute to prevent any background noise ...
Reverse Mortgage – Supercharge Your Retirement or Burn Your Assets - PRWebWith a reverse mortgage the bank pays you for as long as you remain in your home. The loan never has to be paid back until the borrower moves or dies. Payback -- principal plus interest -- can never exceed the value of the home. But are Reverse ...
Make the April 15 Tax Deadline Your Deadline to Develop a Financial ... - PRWeb"Getting your personal financial records in shape for the April 15 tax filing deadline makes it an ideal time to get your financial future in shape with a financial plan as well as a will, trust and other legal documents you need to protect your ...
Webster Announces Preliminary Fourth Quarter 2007 Earnings Information ... - PR NewswireWATERBURY, Conn., Jan. 8 /PRNewswire-FirstCall/ -- Webster Financial Corporation (NYSE: WBS) announced today preliminary information regarding fourth quarter 2007 earnings results and also announced plans for its fourth quarter earnings release and ...
Housing crisis Q&A - Palm Beach PostJeffry of Chesire, Mass.: You answered my question that I should get a realtor who specializes in rentals instead of a property management company. Like I said,I know people in the area,but how would I take care of problems if I am 1500 miles away ...
Banks, licensed lenders,what's the difference? - St. Albans MessengerMONTPELIER - Ag Venture, which specializes in Agricultural lending, is currently embroiled in two lawsuits involving local farmers Mitch and Diane Montagne. (See accompanying story.) To further understand the lawsuit, the Messenger asked Tom Candon ...
Getting Started - WSOC-TVWHEN YOU ARE KNEE DEEP in financial aid applications, desperately trying to figure out how you're going to pay for your child's college education, it's easy to forget one thing: The laborious process offers as many opportunities as it does headaches ...
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