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Barnstable Cummaquid Eastham Marstons Mills Orleans Silver Beach Truro West Hyannisport
Brewster Dennis Falmouth Mashpee Osterville South Chatham Wellfleet West Yarmouth
Buzzards Bay Dennis Port Forestdale Monument Beach Pocasset South Dennis West Barnstable Woods Hole
Cataumet East Dennis Harwich North Chatham Provincetown South Harwich West Chatham Yarmouth Port
Centerville East Falmouth Harwich Port North Eastham Sagamore South Orleans West Dennis
Chatham East Orleans Hyannis North Falmouth Sagamore Beach South Wellfleet West Falmouth
Cotuit East Sandwich Hyannis Port North Truro Sandwich South Yarmouth West Harwich
Today's Mortgage Terms starting with M

Margin:

The percentage difference between the index for a specific loan and the interest rate charged. This is a number already set by the lender.

Market Value:

The price at which a given property or product is transacted between a willing, unhurried buyer and a seller who know all the pertinent facts about the property.

Mortgage Banker:

A financial institution who directly funds home loans, sells them to investors, arranges monthly payments and handles escrow. Some mortgage bankers sell their loans on the secondary market.

Mortgage Broker:

A broker arranges financing for borrowers with a variety of lenders. A mortgage broker does not make the loan, but receives payments for its services.

Mortgage Insurance:

It is insurance to protect the lender in case you default on your loan. With conventional loans, mortgage insurance is generally not required if you make a down payment of at least 20% of the home's appraised value. It is also known as PMI (Private Mortgage Insurance).

Mortgage Loan:

A loan for which a specific real estate property serves as collateral to provide for repayment in case of default.

Mortgage Refinance:

A refinanced mortgage is one in which a borrower pays down an old loan with a new loan. People who refinance a mortgage tend do so to get a lower interest rate, lowering their payments or to take cash out of their home equity.

Mortgagee:

The lender in a mortgage loan relationship. Property is used as collateral to make payment.

Mortgagor:

The borrower in a mortgage loan relationship. Property is used as collateral to make payment.

View all Terms
Barnstable home equity loans news:
Financial News
Regional tourism approach draws fire; State favors Offshore Oil ... - Cape Cod Today
The Minerals Management Service says the entire North Atlantic has 570 million barrels of oil, enough to fuel the country for less than a month F eeling the crush of high gasoline and heating oil prices, Massachusetts residents overwhelmingly support ...

What's happening Wednesday: Candidates to DC for bailout vote - USA Today Blogs
Update at 8:40 p.m. ET: The Senate has announced it will vote on a revised Wall Street bailout plan tomorrow night. USA TODAY's David Jackson has confirmed that all three senators on presidential tickets -- Republican John McCain and Democrats Barack ...

Bulletin board - Abington Mariner
The Plymouth Recreation Department is offering ballroom dancing classes taught by Richard Horblit in September and November, in the Memorial Hall auditorium. Call the Plymouth Recreation Department at 508-747-1620, ext. 137, or Richard Horblit at 508 ...

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