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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.

View all Terms
Lancaster mortgage quotes news:
Financial News
24m of Lancashire taxpayers' cash in crisis-hit Icelandic bank - This is Preston
24 MILLION pounds of Lancashire taxpayers’ cash is at risk after being invested in ailing Icelandic banks. Most of the money was deposited in Landsbanki, which has been taken under control of the Icelandic government in a bid to keep it afloat ...

HK shares seen rebounding after Lehman news - Forbes
HONG KONG, Sept 12 (Reuters) - Hong Kong shares are expected to rebound from their 18-month closing low on encouraging news that Lehman Brothers , saddled with mortgage-related losses, was in talks about a possible sale. U.S. stocks rose on Thursday ...

September 2008 (201) - MSNBC Firstread
SEDONA, Ariz. -- In between her debate-prep sessions here, Palin called into the conservative Hugh Hewitt radio program Tuesday, decrying the lack of journalism ethics and repeatedly referring to herself as “Joe Six Pack.” Oct. 1: Sarah Palin ...

What's happening Wednesday: Candidates to DC for bailout vote - USA Today Blogs
Update at 8:40 p.m. ET: The Senate has announced it will vote on a revised Wall Street bailout plan tomorrow night. USA TODAY's David Jackson has confirmed that all three senators on presidential tickets -- Republican John McCain and Democrats Barack ...

Political Punch - ABC News Blogs
Jake Tapper is ABC News' Senior National Correspondent based in the network's Washington bureau. He writes about politics and popular culture and covers a range of national stories. He didn't seem to like the questions much. Whether about Gov. Sarah ...

Bill's Parliament blog - Cambridge News
As he branded the Labour government a bunch of Zombies, Liberal Democrat Leader Nick Clegg's problem was to show he had breathed new life into his party after the near-fatal leadership of Sir Menzies Campbell. The 41-year-old had promised to bring a ...

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