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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
Wilkes mortgage rates news:
Financial News
Wall St slumps ahead of negative start for Aussie market - News.com.au
THE share market has lost nearly 4 per cent in the minutes after trading started this morning, after a horror session on Wall St overnight. At 10.10am, the S&P/ASX200 was down 3.75 per cent, or 173 points to 4445.6, while the broader All Ords index ...

Americans eye bailout, and continue cutting back - Idaho Statesman
A notices to costomes is taped to the showrrom window at the closed Wilkes-Barre Dodge dealership owned by The Rosado Group in Wilkes-Barre, Pa., Saturday, Oct. 4, 2008. AP Photo A cutout car salesman stands alone in a car lot at the closed Wilkes ...

CREDIT FREEZE FELT AT HOME - Citizen's Voice
John Lawless sees the credit crisis in the looks of disappointed potential car buyers. “There are fewer (financial) sources that are interested in people with dinged-up credit,” said Lawless, who owns a car dealership on Wyoming Avenue in ...

Credit crunch infects variety of NEPA firms - Scranton Times
John Lawless sees the credit crisis in the looks of disappointed potential car buyers. “There are fewer (financial) sources that are interested in people with dinged-up credit,” said Mr. Lawless, who owns a car dealership on Wyoming Avenue in ...

Bank of Granite Corporation Decides Not to Split Stock - TradingMarkets.com
Bank of Granite Corporation's common stock trades on The NASDAQ Global Select Market(SM) under the symbol "GRAN." Bank of Granite Corporation is the parent company of Bank of Granite and Granite Mortgage. Bank of Granite operates 22 full-service ...

Undernews: Rezko Alert - 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 ...

Americans eye bailout, continue cutting back - Blueridgenow.com
Relief on Wall Street over the hard-won passage of a $700 billion bailout package for the financial system apparently hasn't yet trickled down to the pubs, storefronts, car lots and malls of Main Street. AP Photo/Carolyn Kaster A cutout car salesman ...

McCain: He's Lost Alter! - Slate
Jonathan Alter, Joe Klein, Richard Cohen, David Ignatius, Jacob Weisberg: all former McCain admirers now turned brutal critics. Equally if not more damaging, the shift has been just as pronounced, if less operatic, among straight-news reporters ...

Show your support. - Huffingtonpost.com
LISTEN TO THE FULL OBAMA April 6. FUNDRAISER SPEECH HERE Some highlights - Obama responds to Krugman toward the end of the audio (46:20); Obama discloses his trip to Pakistan (40:17); Obama discusses fundraising successes (15 min); Obama discusses ...

Stephanopoulos: Independent Voters Hold White House Key - ABC News Blogs
ABC News’ George Stephanopoulos reports: Democratic presidential candidate Barack Obama holds a 50-46 percent lead over Republican presidential candidate John McCain among likely voters, according to the latest ABC News/Washington Post poll ...

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