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.

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Santa Fe mortgage quotes news:

Here's A Stunt for McCain - Slate
Does MSNBC (Olbermann et. al) really want Obama to win? Won't their ratings be higher in 2009 if they represent the angry opposition--as opposed to the disillusioned party in power? Just a thought. ... P.S.: This factor might cause them not to worry ...

Anti-Obama Boomerang? - Slate
We helped bankrupt the banks. Now we're doing the same thing for health care! What does mental health "parity" legislation, which has now been incorporated into the big "rescue" bill passed by the Dem-controlled Senate,, have to do with the nation's ...

Thornburg Mortgage at risk after new margin calls - Forbes
NEW YORK, Sept 16 (Reuters) - Thornburg Mortgage Inc , a struggling specialist in jumbo home loans, said it may run short of cash after getting surprise margin calls that threaten a restructuring critical to its survival. In a statement late Monday ...

St. Elizabeth, Mythmaker - Slate
McCain wants to fire Chris Cox as head of the Securities and Exchange Commission and appoint ... Andrew Cuomo , under whose leadership the federal Department of Housing and Urban Development damaged several New York neighborhoods when it permitted ...

TARP, Baby! Explaining Paulson's plan better than Paulson. - Slate
We helped bankrupt the banks. Now we're doing the same thing for health care! What does mental health "parity" legislation, which has now been incorporated into the big "rescue" bill passed by the Dem-controlled Senate,, have to do with the nation's ...

30 Lies Refuted about Ayers and Obama - OpEdNews.com
The gutter politics of the McCain campaign is reaching down once again to denounce Obama for his distant past links to Bill Ayers in an unprecedented guilt-by-association attack for a presidential campaign. Sarah Palin declared ," target="_blank ...

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 ...

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 ...