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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.

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Mercer mortgage loan news:
Financial News
When you have to choose between dinner and electricity - Daily Princetonian
The contrast was striking: While outside Frist Campus Center, the band's upbeat cadence brightened the atmosphere as students went about their usual Saturday routines and headed to tailgates before the Princeton-Dartmouth football game, a solemn ...

People in Business - Nashville Tennessean
Tennessee State Board of Accountancy has announced candidates who are Nashville residents who passed the Uniform Certified Public Accountant examination: James N. Lane, April L. Mitchell and Chandar A. Reed of Antioch; Robert A. Argo, Amy E. Mitchell ...

Citi ends severance supplement for employees - Business Standard
US employees with experience of 10 years or more and fired after January 15 are losing the ‘supplemental severance payment’ that would add weeks of base pay to their package, according to a memo Monday from Paul McKinnon, the bank’s head of ...

Many want pay based more on performance - Fort Wayne Journal Gazette
In 2007, as their companies started to falter, many executives were getting increases to compensation packages that already paid more in a day than most Americans make all year. Take Brian F. Roberts, chairman and CEO of Philadelphia-based Comcast ...

November 2008 - Weekly Standard
The terror assault on Mumbai is in its second day as Indian security forces struggle to regain control of the capital and clear the remaining terrorists from two hotels and a residential complex. Hundreds of Indian Naval and National Security Guards ...

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