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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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Oceana mortgage rates news:
Nation briefs - Detroit NewsWASHINGTON -- 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.comIt 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 DreamsWith 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 News10/10/2008 - 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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