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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
Barton home equity loans news:
Financial News
Secret talks preface Simpson's decision to stand down - Watford Observer
Graham Simpson has resigned as chairman of Watford Football Club. Simpson broke the news to shareholders of the Hornets’ parent company, Watford Leisure Plc, this morning, who had attended what was expected to be an emergency meeting where the ...

Interest Rate Drop Good News For Those With Home Equity Loans - KIRO-TV
The Central Bank interest rate can affect you in all sorts of ways -- some directly, some indirectly. Here are the three main financial impacts of today's decision for consumers. The first and most immediate impact is with home equity loans, which ...

Bankruptcies & Foreclosures - The Ledger
The following businesses or individuals filed bankruptcy petitions in the U.S. Bankruptcy court in Tampa from Sept. 25-Nov. 12, 2008. Chapter 7 filings are for companies and/or individuals whose assets are being liquidated to pay creditors; Chapter ...

Darling details £50 billion bank bailout plan - Times Online
Chancellor Alistair Darling today launched a drastic rescue of Britain's high street banks in move designed to head off a cataclysmic failure of confidence by announcing a part-nationalisation plan with £50 billion of taxpayers' money. He said there ...

Sweetened $700 billion bailout bill passes Senate - HamptonRoads.com
Click a thumbnail to view the full-size image. Buy Pilot photos here. Loading... -Authorize $700 billion for the government to purchase troubled assets and buy equity in distressed financial firms. -Require the Treasury Department to make rules to ...

Bailout Isn't Just For Wall Street Anymore - Common Dreams
WASHINGTON - After a bruising battle to get it through a doubting Congress, the Bush administration's $700 billion Wall Street rescue plan to purchase distressed mortgages and other bad assets has morphed into something else entirely. Today the ...

Erie County Real Estate Transactions - Buffalo News
• 12845 Broadway, Prameela Rebala to Saibabaram Llc, $445,000. • 11143 Westwood Road, Mary J. Saxer; Gerald L. Saxer to Kevin R. Barczykowski; Jennifer L. Barczykowski, $170,800. • 1250 East Laray Drive, Betty Jane Kile; David R. Kile to Mary J ...

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