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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
Oceana mortgage rates news:
Financial News
Nation briefs - Detroit News
WASHINGTON -- Rates on 30-year mortgages fell for a third straight week, dropping to the lowest level since mid-July. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages dipped to 6.35 percent this week, down from ...

Text: Del. Terrie Suit's letter announcing resignation - HamptonRoads.com
It has been an incredible honor to serve as your representative in the Virginia House of Delegates these past nine years. When I first sought this position in 1999, I made a commitment that I would not be a career politician. The time has come for me ...

The $3 Trillion War in Iraq - Common Dreams
With March 20 marking the fifth anniversary of the United States-led invasion of Iraq, it's time to take stock of what has happened. In our new book The Three Trillion Dollar War , Harvard's Linda Bilmes and I conservatively estimate the economic ...

Top Stories (Complete List, up to 1000 Stories) - 9&10 News
10/10/2008 - Economy in Crisis: Governor Granholm Speaks Out in Traverse City 10/10/2008 - Bush says Anxiety Feeding Market Instability 10/10/2008 - President Bush Warns High Anxiety Worsening Credit Crisis 10/10/2008 - General Motors Could Announce ...

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