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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Rock mortgage quotes news:

Here's A Stunt for McCain - Slate
Does MSNBC (Olbermann et. al) really want Obama to win? Won't their ratings be higher in 2009 if they represent the angry opposition--as opposed to the disillusioned party in power? Just a thought. ... P.S.: This factor might cause them not to worry ...

Libor Holds Central Banks Hostage as London Makes World Freeze - Bloomberg
Oct. 9 (Bloomberg) -- Danilo Coronacion oversees 15 percent of global coconut oil production at CIIF Oil Mills Group in the Philippines. These days, he spends a lot of time worrying about events half a world away in London. The name of his pain ...

Libor Holds Central Banks Hostage as Credit Freezes (Update1) - Bloomberg
Oct. 9 (Bloomberg) -- Danilo Coronacion oversees 15 percent of global coconut oil production at CIIF Oil Mills Group in the Philippines. These days, he spends a lot of time worrying about events half a world away in London. The name of his pain ...

McCain, Obama get tough, personal in final debate - ksl.com
Too few people are informed or engaged past a few sound bites.The lack of a REAL informed electorate is putting this country at it greatest peril in this century.Partial blame resides with a press that has done the poorest job in this century,of ...

Anxiety Rising As Stock Slide Continues - US News and World Report
Despite a coordinated move by central banks across the planet to cut interest rates, stock markets continued their downward spiral yesterday. Media reports are casting the global rate cuts as unprecedented, and reporting the market's response in ...

Fifty ways to save money online - Guardian Unlimited
It was a simple formula that led to my reputation as a money-saving connoisseur. I was at university, and the equation went like this: lots of time, plus little cash, multiplied by a desire to have a good time equalled the discovery of hundreds of ...

Save €8,000 in 10 steps - Independent
Share Bank of Scotland Monthly Saver 3.75 per cent There's plenty of hoops to jump through to get the best rate going. But you'd be €365 a year better off than with An Post 's Demand Deposit account. 1 SAVINGS Bank of Scotland Monthly Saver 3.75 ...

No bank bailouts: Flaherty - Globe and Mail
Canadian financial services industry is solid and solvent, says the finance minister, while admitting that credit is tight ... Read the full article Conservatives Lie from Canada writes: No one believes Mr. Flaherty, Mr. Harper and the Conservatives ...

Anti-Obama Boomerang? - Slate
We helped bankrupt the banks. Now we're doing the same thing for health care! What does mental health "parity" legislation, which has now been incorporated into the big "rescue" bill passed by the Dem-controlled Senate,, have to do with the nation's ...

Nick Robinson's Newslog - bbc
An MP who'd just been canvassing in the Glenrothes by-election told me that just one person had raised the financial crisis with him. It's a reminder that the financial crisis that has been gripping the attention of the political and media classes ...