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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
Monroe mortgage quotes news:
Financial News
Scott Coles: The story behind the life — and death — of the ... - Phoenix New Times
A Mormon Widower Wasn’t Counting on a Murder Rap When He Followed His Late Wife’s Instruction to Marry His Ex-Lover (18) The girls and their guys — most wearing designer jeans and starched shirts — swarmed through the pristine neighborhood as ...

Obama Attacks McCain As 'Risky,' 'Erratic' - ABC News Blogs
ABC News' John Berman, Sunlen Miller and Ursula Fahy report: Barack Obama described John McCain as risky, erratic, and uncertain, and that was all just in his first event of the day. Obama has had no shortage of critiques of McCain in recent weeks ...

Between the Lines - ZDNet Blogs
Get BTL via: The Washington Post was founded in 1877, employs more than 700 in its editorial department and serves 8.4 million visitors to its Web site each month. The Huffington Post was founded in 2005, employs 60 people all told and gets 3.6 ...

Giants Are All Talk, No Action - San Francisco Gate
So there goes Andruw Jones. To the Dodgers. Miguel Cabrera? Gone? Alex Rodriguez? Ha Ha Ha Ha Ha! The Giants need a bat, a big bat. But these linup-fixers are slowly, surely going to other bat racks. Andruw Jones at $18 million a year? OK, maybe the ...

Something in the water - Spokane Spokesman-Review
The news that parts of north Spokane are under a boil order due to drinking water contamination came to us late last night, and so we only had time to put together a brief for today's paper. But fret not, we're on the story in force today - one ...

On Fannie Mae and Freddie Mac, Bob Barr doesn't hold back - Los Angeles Times Blogs
Perhaps an issue has fallen into the lap of Bob Barr that will give his little-noticed presidential campaign some traction -- especially among libertarian-minded Ron Paul backers who have not exactly flocked to Barr's banner. The issue would be the ...

Tina Fey's depiction of Sarah Palin - The Superficial
#13, Racer X, yeah she's a dumbass alright. 'Cause when an actor says something while they are acting like someone else then that means the same thing. It's as if the real person really said it. I bet you think The Daily Show with Jon Stewart is a ...

Today in the Sky • - USA Today Blogs
• The Senate is scheduled to vote on the $700 billion bailout/rescue/ransom/guarantee rejected by the House. But as noted below, the Senate package will include a tax cut the House already voted down. • Long list of economic reports to throw ...

News Roundup: McCain, markets battle woes and Elvis has new grandkids - USA Today Blogs
Fifteen European heads of state gather in Paris today to tackle their financial market issues . Their problems are similar to ours, but their solutions not so much. Also, a wealthy American became the latest space tourist , blasting off Sunday for ...

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