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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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Harrison mortgage quotes news:
Financial News
November 2008 - Weekly Standard
Out on the tour circuit for his new book, "How Mitt Romney, the Fake Conservative, Almost Bought the Republican Primary With His Big CEO Money" "Do the Right Thing," Mike Huckabee took a break from bashing former rival Mitt Romney to take a few ...

UPDATE 3-Biogen 3rd-qtr profit rises; Tysabri sales slow - Forbes
BOSTON, Oct 21 (Reuters) - Biogen Idec Inc reported third-quarter earnings on Tuesday that topped expectations, but sales of its multiple sclerosis drug Tysabri slowed, sending the company's shares down as much as 4.6 percent. Investors have been ...

EU set to approve IKB bailout conditionally -source - Forbes
FRANKFURT, Oct 19 (Reuters) - The European Commission is set to approve, with conditions, a German bailout package for stricken lender IKB, a source familiar with the matter said on Sunday. In Brussels, a European Commission spokesman declined to ...

Does press support for Obama give him an inappropriate advantage? - Atlanta Journal Constitution
“Inappropriate” does not begin to describe how freely the press has campaigned for Sen. Barack Obama. The statistics from Pew Research’s Project for Excellence in Journalism are damning — and infuriating. Pew regularly tallies weekly media ...

Are parents who don’t let their kids participate in Halloween ... - Atlanta Journal Constitution
Halloween has always been a favorite holiday of young children; it’s creative, adventurous and filled with exciting yet innocent fun. So when I learned that a sizable group of my fellow parents viewed it as the “devil’s holiday,” I set out to ...

Savage's announcement, Winslow's response to suspension - Cleveland Plain Dealer
Tracy Boulian/The Plain Dealer Kellen Winslow has been suspended one game by the Browns for his post-game comments on Sunday. Late Tuesday afternoon, the Browns suspended tight end Kellen Winslow for this week's game against Jacksonville following ...

Credit experts answer your questions - WRAL
I am overloaded with credit card debts and have numerous outstanding doctor/hospital bills that have been turned over to collection agencies and now to a credit bureau. I see no way out, as I had to file bankruptcy in 2004. Would you please suggest ...

Not "The Senator," But "That One" - Nation
The proper, respectful and appropriate description for an foe in a debate between two senators is "the senator" or -- if there is a desire to get flowery -- "my distinguished colleague." But Arizona Senator John McCain, who after a quarter century on ...

October 2008 - Kansas City Star Blogs
According to Republican Party statements. Barack Obama has not been “tested.” I am having difficulty understanding what test John McCain has passed that Sen. Obama has not passed. Was it the financial crisis this past month, where Sen. Obama ...

Wild Card/Vacation Day 11 of 12 - Spokane Spokesman-Review
Only two more shopping days until I return to the final days of the City Council campaigns. Then, we'll have fun taking apart the campaigns. Any dirt yet? Any mudslinging. You know, the good stuff. Or is everyone behaving? My wife is now looking over ...

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