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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
Big Horn mortgage quotes news:
Financial News
Hip-Hop Rumors: T.I. Gets Saved! Yung Berg Reality Show! - allhiphop.com
I am going to start the rumors off with the “Signs The World Is Coming To An End” and the “Epic Fail of the Day.” They both pertain to stupid Thankstaking Day and deaths surrounding the mayhem. Did you know that 90% of the Native Americans ...

Should the government bail out automakers, too? - Atlanta Journal Constitution
About five seconds after the $700-billion financial bailout passed, politicians asked about saving automakers, too. And then there were the “underwater” mortgage-holders. And really, would it be fair to let Circuit City die? The “where-does-it ...

What must John McCain’s endgame strategy be? - Atlanta Journal Constitution
At this point, John McCain’s message must be entirely about buyer’s remorse. Barack Obama is the least-experienced presidential candidate in modern history, has never had to handle a crisis, and would take office in the middle of an economic ...

La Gaffe - San Francisco Gate
The teflon prince Obama finally did it. Just when Bill Clinton was reminding anyone who had forgotten that his wife not just once but repeatedly claimed, falsely, to be dodging sniper fire on the tarmac, Sen. Barack Obama managed a real gaffe ...

Polls predict Obama will turn NH blue - Nashua Telegraph
Kevin Landrigan Published: Sunday, October 5, 2008 Polls predict Obama will turn NH blue Has the tide shifted and is New Hampshire going Democratic in a big way on Nov. 4? That's what two independent polls concluded at the end of the week, with Saint ...

Media MIA On Emanuel's Crisis Comment - News Busters
Will the press be as vociferous now? Incoming Obama Administration Chief of Staff Rahm Emanuel, speaking on Wednesday on and to the Wall Street Journal Digital Network , stated outright his desire to make political hay with the ongoing travails of ...

Hasselbeck: Obama Win Is 'Victory' - ABC News Blogs
Like Ohio, Florida, New Mexico and Virginia did Tuesday night, John McCain’s sole holdout on “The View” has flipped sides. Elisabeth Hasselbeck’s now for Barack Obama. The conservative co-host, who supported McCain through many a heated ...

US Protests Shrink While Anti-War Sentiment Grows - Common Dreams
WASHINGTON - Crowds at antiwar rallies in Washington have dwindled even as U.S. opinion has turned against the war in Iraq, as organizers feud and participants question the effectiveness of the street protests. Rival antiwar groups, which in years ...

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 ...

Should Ron Paul be allowed at Sunday's debate? - Los Angeles Times Blogs
There seems to be a debate going on between Fox News and New Hampshire Republicans over precisely who will participate in this weekend's presidential debate. Rumor has it that online fundraising sensation and Texas congressman Ron Paul and San Diego ...

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