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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

Thomas mortgage quotes news:

Mile High Letdown - Slate
Obama Speech React: 1) A little flat, and not just because of it's now-required State-of-the Union laundry-list passages; 2) Background off, color-wise; 3) Best graf by far: I love this country, and so do you, and so does John McCain. The men and ...

DIARY - Top economic Events - to Sept 12 - Forbes
VIENNA- ECB Governing Council Member Klaus Liebscher holds final news conference before retiring. UNITED STATES- Securities Industry and Financial Markets Association recommends early 1800 GMT close of U.S. fixed-income markets ahead of Labor Day ...

FTSE down as Vodafone drags, commodities ease - Forbes
LONDON, Aug 28 (Reuters) - Britain's bluechip index edged lower early on Thursday as heavyweight Vodafone dragged after a negative broker note and commodities eased. At 0802 GMT the FTSE 100 .FTSE> was down 27.8 points, or 0.5 percent at 5,500.3. One ...

John McCain selects Alaska Gov. Sarah Palin as VP - New Orleans Times-Picayune
(AP Photo/Juneau Empire, Brian Wallace) In this July 29 file photo, Gov. Sarah Palin speaks to reporters regarding the indictment of U.S. Sen Ted Stevens in her Capitol office in Juneau, Alaska. Palin is the so-called "hockey mom" credited with ...

August 2008 - Posts - MSNBC Firstread
Ted Stevens , the grand-daddy of Alaskan politics, has a wary relationship with the new Republican VP pick -- Alaska Gov. Sarah Palin . When Palin was running for governor in 2006, she ousted long time Alaska fixture Frank Murkowski in a hard fought ...

Plus: Obama's failed fight-back - Slate
Effective day for Dems. 1) Bill Clinton outlined a simple, substantive framework for the election. As James Taranto noted, he built a stronger case for Obama than Hillary did--an inversion of how the two Clintons are said to actually feel about the ...

Thinking Right - Atlanta Journal Constitution
All the entries posted in August. Is Hillary married? Just asking. In many ways, it was a strange speech from Hillary. For one, there was no acknowledgment that any man in her life might be anywhere that mattered. Bill sat, looking proud and almost ...

Political Insider - Atlanta Journal Constitution
Get the latest news, opinions and blogs on politics and the election from across the state on the Georgia Politics page. Denver — In a rousing morning address to a joint meeting of the Georgia and Alabama delegations, U.S. Rep. John Lewis (D-Ga ...

The Thin Man - Weekly Standard
"The transformation of Joe Biden is one of the best story lines at this convention. A week ago, people would sprint from the room when Joe entered for fear he would start a sentence that might not end until Halloween. Now, suddenly, he is a towering ...

WAKE UP AMERICA - murdering the civilian populace - Indymedia Italia
/ / The White House says the U.S. will use its veto power to on the U.N. Security Council to ensure that the two separatist provinces remain part of Georgia in the eyes of the world. \ \ Biden "I am a Zionist." [I wanna murder innocent Christians for ...