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Today's Mortgage Terms starting with P

Payment Cap:

A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.

Point:

A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.

Pre-Approval:

The process of calculating how much money a potential homebuyer could borrow.

Prepayment Penalty:

A lender's charge to the borrower for paying down the loan before the end of its term.

Pre-Qualification:

A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.

Principal:

It is the amount of money borrowed or owed, excluding interest.

View all Terms
Red Lake home equity loans news:
Financial News
Shrum/McCain '08! - Slate
Model 3 is Born? Howie Kurtz notes the essential weirdness of McCain strategist Steve Schmidt's fury at the press: Normally, campaigns say they are angry at reporters who print stories without asking them for their side of the story. "A simple phone ...

Matter of Record, September 1 - Wichita Falls Times Record News
Natalie Eubanks vs. David Brooks, 5506 Professional Dr., #209, $6,226.49, V3280 P779. Alterra/William C. Boyd vs. Arthur Hubert Gray, 918 Midwestern Pkwy., $16,135.64, V3280 P819. Roger Holloway vs. James/Elizabeth Long, 1302 Mockingbird, Iowa Park ...

State Government - OpEdNews.com
kathryn rubenstein: * Alabama's Governor Riley Used State Appointment to Influence Court (1 comments) Alabama's Governor Riley controls Alabama's judicial branch. In that Alabama allows PAC to PAC transfers, it is more than difficult to see what ...

Corrections and clarifications - Milwaukee Journal Sentinel
An article Wednesday about a proposed merger of Milwaukee County justice facilities incorrectly stated that the House of Correction is in County Supervisor Paul Cesarz's district. It is in Supervisor Mark Borkowski's district. An item in the Life ...

Felony DUI hits (another) roadblock -- a big one... - Spokane Spokesman-Review
Home | Broker Info | Owner Info | Tenant Services | Condo Mgt | Rentals Available | About Us | ... Email your comment or complaint; Pay your rent electronically; Search our Los Angeles rentals

INDUSTRY NEWS & PEOPLE January 2008 - Business Travel Executive
The Association of Corporate Travel Executives (ACTE) has added two new members to its international team: Ronald Kosmahl, director of global education and research, and Kathleen Brannigan, senior director of global communications. Prior to joining ...

Foreclosure crisis going to get worse before it gets better - Arlington Heights Daily Herald
Government officials and homeowners are hunkering down. If the foreclosure crisis is bad now, the increasing trend of court filings indicates the problem will become much worse, experts say. The storm has been brewing for at least the last five years ...

Terry Hutchens: IU Q&A - Indianapolis Star
Question: When was the last time a committee of more than 3 people made a timely, intelligent decision? If "someone" thinks a 10 person committee can choose the next coach, wouldn't 20 people do an even better job? How about 30? (Mike in Grand ...

Unversity Place litigation settled - Spokane Spokesman-Review
A settlement has been reached in litigation over the University of Idaho’s failed University Place real estate project in Boise. Under its terms, the UI Foundation will pay $2.5 million and the various parties’ insurers will pay $5.8 million, for ...

New Michigan Bank Achieves Success Even Before Grand Opening - dBusinessNews.com
[ Farmington Hills , Mich. ]- Level One Bancorp, Inc. announced that after only eight and a half months, from application to opening, it is has opened the doors to its first banking center. A strong business model helped the accomplished management ...

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