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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
Somerset mortgage rates news:
Financial News
Congress must act for Main St. - Recorder Community Newspapers
We are flabbergasted that seven of the 13-member state Congressional delegation voted against the administration’s financial market rescue plan, including Rep. Rodney Frelinghuysen, R-11. No region of this country has more to lose by a Wall Street ...

Staff photo by Dan Reiland - Eau Claire Leader-Telegram
- Chippewa County: Veterans Assistance Program, Northern Wisconsin Center, Chippewa Falls, 726-2541; Starting Points, Chippewa Falls, 726-7937. -Dunn County: House of Hope, Menomonie, 715-235-2975. - Eau Claire County: Beacon House, Eau Claire, 834 ...

Defending Tony the Tiger and a balanced breakfast - yorkshirepost
THE Which? "Cartoon Villains" report (Yorkshire Post, October 2) calls for an end to the use of characters like Tony the Tiger in advertising "junk" food. An eye-catching campaign? Absolutely. Grounded in fact? We think not. Does Tony advertise junk ...

September 14 - September 21 (77) - Dakota Voice
► January 16 - January 23 (1) The afternoon plenary session of the FRC Washington Briefing was called Lights, Camera, Values in Action . It included speeches from Dr. Ted Baehr, president of MovieGuide, Brad Moore, president of Hallmark Hall of ...

B&B slashes hundreds of mortgage jobs, throwing future into doubt - Times Online
Embattled mortgage bank Bradford & Bingley (B&B) announced plans to sack 370 people today as its future as an independent business was thrown into fresh doubt. Shares in the bank, which is grappling with a flood of buy-to-let mortgages turning sour ...

Market report: Friday close - This is Money
British Energy's run of bad luck continues. It was among the biggest blue-chip casualties today, touching 525½p before reducing the deficit to 10p at 538p after finding more cracks in the boiler tubes at its ageing Hinkley Point nuclear reactor in ...

Pro-Smokers must be challenged - Commonwealth Journal
It is a waste of time to try to persuade libertarians to recognize the benefits of sound public policy. Such folks do not want government oversight of much of anything, even if it is in the public interest—as recent letters to the editor in this ...

How to seek protection from the storm - This is Money
The tempest engulfing banking is sending waves lapping into every aspect of our personal finances - from the safety of savings to the returns on investments and even, ultimately, the security of our jobs and pensions. The clear message from the ...

New York - New York Observer
New Jersey's 2007 median housebold income of $67,035 bested New York's by $13,521 in 2007, according to Census estimates released earlier this week, roughly the same difference as in 2006. Northern Jersey likely lifted the state's median, much as ...

What we can learn from the decline of America's easy-credit empire - Newark Star-Ledger
The meltdown on Wall Street continued to hammer world markets last week as Congress and the Bush administration struggled to reach a deal on a $700 billion rescue package aimed at averting the collapse of the U.S. financial system. As the high-stakes ...

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sources: informars.com, erate.com, Freddie Mac
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