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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Murray mortgage rates news:

Obama: McCain plan rewards bad behavior - MSNBC
Oct. 9: NBC Deputy Political Director Mark Murray offers his first read on the McCain campaign's efforts to tie Barack Obama to a 1960s anti-war war activist and how those efforts are playing with the public. WASHINGTON - Democrat Barack Obama ...

Obama: McCain plan rewards bad behavior - MSNBC
Oct. 9: NBC Deputy Political Director Mark Murray offers his first read on the McCain campaign's efforts to tie Barack Obama to a 1960s anti-war war activist and how those efforts are playing with the public. WASHINGTON - Democrat Barack Obama ...

Lease options a grey area - Georgia Straight
On October 6, the day the TSX tumbled 1,106.95 points, Jon Murray’s phone was ringing off the hook, as it has been for the past six months. The real-estate consultant specializes in helping people—whom the banks won’t touch due to poor credit ...

Letters to the Editor: Oct. 12 - Record Searchlight
This proposition does not seek to "protect marriage" but to "define marriage." Is it possible that you do not see the long-range ramifications this will have on many of our institutions if it does not pass? California has very strict anti ...

Fitch Rates Chandler, Arizona GOs 'AAA'; Excise Tax Revs 'AA+' - Earthtimes
AUSTIN, Texas - (Business Wire) Fitch Ratings has assigned an 'AAA' rating to the $251.49 million general obligation bonds (GOs), series 2008 of Chandler, Arizona. Fitch also has assigned an 'AA+' rating to the city's $33.645 million excise tax ...

Every country for itself as European unity collapses in an attack of ... - Times Online
Germany shattered any semblance of European unity on the global credit crisis last night by announcing that it was ready to guarantee €568 billion of personal savings in domestic accounts. The move – which came as Berlin announced a new rescue ...

On Your Mind: A readers' comment section - Sierra Vista Herald
EDITOR'S NOTE: Starting this week, the Herald/Review is publishing all of the On Your Mind comments it received the previous week in this online file. This On Your Mind listing is set to appear until next Monday. Comments will continue to be printed ...

To: news@ctv.ca - Globe and Mail
Your behaviour surrounding the interview with Mr. Dion has been disgraceful. Your interviewer asked a total botch of a question, and when asked to clear it up merely repeated it. Your guest showed enough respect to try to find out what the ...

Financial Fears: Don't Panic, Analysts Say - Wbaltv.com
BALTIMORE -- Many Americans who are worried about the unfolding financial crisis got more bad news from a financial guru after he told millions of viewers to abandon their investments. CNBC's "Mad Money" Host Jim Cramer went on The Today Show Monday ...

Alistair Darling's innovations may stave off depression - Times Online
There is more than one way to skin a cat. There might have been simpler and cheaper ways of preventing the collapse of Britain's financial system than that chosen yesterday by Gordon Brown and Alistair Darling. I have argued, for example, that the ...