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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Lafayette mortgage rates news:

Is Timothy F. Geithner, President-elect Barack Obama's nominee for ... - Huffingtonpost.com
Is Timothy F. Geithner, President-elect Barack Obama's nominee for Treasury secretary, the right man for the job? Some Wall Street chieftains are wondering whether the man who has been at the center of controversial moves by the government to shore ...

Swift Energy Company Q3 2008 Earnings Call Transcript - Seekingalpha.com
Good morning. My name is Stacey and I will be your conference operator today. At this time, I would like to welcome everyone to today's conference call. All lines have been place on mute to prevent any background noise. After the speakers' remarks ...

November 2008 - Palm Beach Interactive
Gov. Charlie Crist wants to have a temporary foreclosure freeze in place by next week, he said this morning. Crist said he is meeting with bankers to try to come up with a deal without having lawmakers involved that would stall foreclosure ...

Jurors hear confession tape in Randolph murder trial - Newark Star-Ledger
After police caught Jonathan Zarate and two teen-agers trying to dump a trunk containing a Randolph girl's beaten and dismembered body into the Passaic River in Rutherford, Zarate told an investigator he had found his next-door neighbor dead. "I ...

Local living costs lower than national average - The Daily Advertiser
The cost of living in Lafayette is lower than the national average, according to a recent study. The Council for Community and Economic Research's third-quarter Cost of Living Index rated Lafayette's cost of living at 99 percent of the national ...

Average homeowner's tax bill down 28% - Lafayette Journal and Courier
Tax bills were mailed just three days ago, but Frank Niemiec knew ahead of time that his taxes were down this year because his mortgage company months ago sent him a rebate check. Niemiec, who lives in southern Tippecanoe County, saw his taxes drop ...

Tough times will touch Richmond - Inrich.com
The Richmond area will weather the economic tough times better than much of the rest of the country, but it won't be able to escape them, say local experts who spoke last night in a downtown public forum on the economy. The downturn is part of a ...

Credit crisis stalls hotels - Raleigh News & Observer
* Construction on The Hillsborough, a proposed 25-story tower with a 136-room boutique hotel and 26 condominiums, was to begin at the corner of Dawson and Hillsborough streets by April 1. But at the last minute, lenders asked Raleigh developer ...

What is driving voters to the polls this year? - Atlanta Journal Constitution
“We cannot spend the next four years as we have much of the last eight, hoping for our luck to change at home and abroad.” Quick: Which presidential candidate has added this line to his speeches? Barack Obama, right? No, that would be Republican ...

Numbers Don’t Lie – Education Drives Employment, Economic Growth - Inside Indiana Business
In July, Indiana’s unemployment rate ticked up to 6.3%. It’s certainly not good news, though we still boast the lowest unemployment among our neighboring states, thanks to aggressive economic development efforts and record levels of foreign ...