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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
Golden Valley mortgage rates news:
Financial News
The Thin Man - Weekly Standard
During that Democrats for Life meeting today, held at the Monaco Hotel not far from the Pepsi Center, some of the speakers criticized an ostensibly pro-life Republican Party for failing to make serious progress on a pro-life agenda. One criticism in ...

Addressing Listeners' Economic Concerns - NPR News
The Federal Reserve has taken dramatic measures to reassure the increasingly anxious investment community, including negotiating the bargain-basement sale of Bear Stearns, one of Wall Street's biggest and most storied banks. Find out more about what ...

Beautiful Miss Idaho in LCHS Parade - Spokane Spokesman-Review
Issue: Most Americans see 'judicial activism' crisis: Legal experts shocked by results of survey by American Bar Association publication /WorldNetDaily. DFO: Count me among those who believe the judiciary, particularly the federal judiciary and 9 U.S ...

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 ...

INDUSTRY NEWS & PEOPLE April 2008 - Business Travel Executive
Dallas / Fort Worth BTA has recognized Carol Devine, who is retiring and relocating to Kansas City, for her many years in the travel industry and as an active member of DFWBTA for 15 years. Devine served as DFWBTA president for four years, as well as ...

The Iconoclast - CNET News
If you enjoy buying music from iTunes, movies from Amazon.com's Unbox, or computer software from anywhere, be warned: the halcyon days of tax-free digital purchases may be over. With retail e-commerce sales now estimated to exceed $130 billion a year ...

Time to Purchase a House? - US News and World Report
Thanks to a positively dismal report on new-home sales last year, buyers can pretty much take their pick of about half a million unsold new homes now on the market. But with sales down by 26 percent from a year ago—and by nearly half since their ...

The Crash That’s Coming: More Bubbles Will Burst - MediaChannel.org
“The public, fortunately, doesn’t understand how bad the situation is. If it did, we might have a real panic on our hands.” — David Ignatius, Washington Post Now that this year’s Oscars are history, imagine if you will, an awards ceremony ...

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