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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
Hall mortgage quotes news:
Financial News
All About Him - Slate
McCain Speech React: I predicted McCain's would be a good speech. Wrong again. That makes two successful conventions ending with weak final acts. 1) McCain screwed up what was potentially the most effective part of the speech, where he blames his own ...

September August July June May April March February January 2007 - Nypress.com
Coming off their best-ever season and being ranked in the preseason polls for the first time in their history, it wouldn’t have surprised anyone if the No. 12 Rutgers Scarlet Knights came out a little overconfident versus lowly University of ...

How Palin Got Picked - Weekly Standard
Forty-four years ago, an actor named Ronald Reagan gave a speech supporting Barry Goldwater and launching his own political career that was known ever after, by his ever increasing group of followers, simply as " The Speech ." If the McCain-Palin ...

How Would You Grade Sarah Palin’s Speech? - Wall Street Journal
WOW, go get ‘em Sarah Baracuda! It’s too bad that Tim Russert wasn’t there to share his perspectives following this speech. Comment by Riverwoodie - September 3, 2008 at 11:56 pm Sarah Palin was great! The left wing liberals on this blog and in ...

The Latest Headlines... - Cleveland Leader
Tribe Creeps in to 9.5 Behind in the AL Central With Victory Over White Sox Video and Transcript: President George Bush Speaks at the 2008 RNC Video: 2008 Republican National Committee Tribute To Ronald Reagan Marko Perkovic, who performs under the ...

Democratic Debate Sparks Viewers' Own Angry Debate - Common Dreams
Things may have gotten nasty on Wednesday night in Philadelphia, but Barack Obama saw the "gotcha" tenor of the Democratic presidential debate as a preview of what is in store for the general election campaign. And thousands of viewers, for their ...

Beautiful Miss Idaho in LCHS Parade - Spokane Spokesman-Review
How about a photo of Coeur d'Alene's newest Sweetheart to end the week? Miss Teen Idaho, Estrella Atkinson , a senior at Lake City High School, along rain soaked Sherman Avenue, Friday afternoon during the Lake City High School Homecoming Parade ...

Unstoppable Obama - Common Dreams
When did you begin to think that Obama might be unstoppable? Was it when your grown feminist daughter started weeping inconsolably over his defeat in New Hampshire? Or was it when he triumphed in Virginia, a state still littered with Confederate ...

Corrections and clarifications - Milwaukee Journal Sentinel
An article Wednesday about a proposed merger of Milwaukee County justice facilities incorrectly stated that the House of Correction is in County Supervisor Paul Cesarz's district. It is in Supervisor Mark Borkowski's district. An item in the Life ...

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