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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
Grand Traverse mortgage rates news:
Financial News
September August July June May April March February January 2007 - Nypress.com
The hair bands of yesterday—Motley Crue, Poison, Whitesnake—ain’t got nothing on the biblically voluminous locks of Devendra Banhart and his posse of fabulously furry freak brothers, aka Spiritual Bonerz (at least for Thursday night's ...

Top Stories (Complete List, up to 1000 Stories) - 9&10 News
8/27/2008 - Tanker Plows Into Two Trucks, Causing Extensive Damage. 8/27/2008 - Bad Accident at Busy Intersection in Big Rapids 8/27/2008 - Driver Hits Pedestrian in Leelanau County; Alcohol May be a Factor 8/26/2008 - State Slips In Poverty Rankings ...

Tough times for tourism in Michigan - Traverse City Record-Eagle
TRAVERSE CITY -- John Davis typically visits the Traverse City area several times a year from his home north of Grand Rapids. That's going to change. "We haven't been doing much traveling lately," said Davis after walking along the shore of West ...

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sources: informars.com, erate.com, Freddie Mac
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