Today's Mortgage Terms starting with P

Payment Cap:

A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.

Point:

A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.

Pre-Approval:

The process of calculating how much money a potential homebuyer could borrow.

Prepayment Penalty:

A lender's charge to the borrower for paying down the loan before the end of its term.

Pre-Qualification:

A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.

Principal:

It is the amount of money borrowed or owed, excluding interest.

View all Terms

Logan mortgage quotes news:

March 23 - March 30 - Dakota Voice
► January 16 - January 23 (1) Tomorrow is the last lesson of the Truth Project at South Canyon Baptist Church in Rapid City. You can find other Truth Project gatherings going on in the Rapid City area, and in towns across South Dakota. Check with ...

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 ...

Homeowners' new reality: You're suddenly poorer - Globe and Mail
Adil Burney from Canada writes: For 2009, CREA is delusional. Suppose we end December 2008 at -9% YoY. To end up a -2% for the full year 2009, we would probably have to bottom in December 2008 and then get to a around 7% by late 2009. CREA is talking ...

Alabama son Peavy to pitch for Braves? It's possible - Atlanta Journal Constitution
The entry titled "Alabama son Peavy to pitch for Braves? It's possible," and any of the comments about it. He’s 27 years old, was a unanimous winner of the 2007 NL Cy Young Award, has averaged 192 innings and 194 strikeouts in six full seasons in ...

McCain Encourages Supporters to 'Stand up and Fight' - ABC News Blogs
ABC News’ Bret Hovell, Imtiyaz Delawala, Ron Claiborne, and Richard Coolidge Report: John McCain launched a new campaign speech at a joint rally with Sarah Palin today in Virginia Beach, VA, stumping in a red state he was not expecting to have to ...

McCain to Obama: I Have 'Guts' to Bring Up Ayers - ABC News Blogs
Speaking to a St. Louis radio station on Tuesday, John McCain said that Barack Obama's recent suggestion that McCain does not have guts to raise the Bill Ayers issue to his face "probably ensured" that the former Weather Underground leader will come ...

Our so-called leaders - Logan Banner
After reading and watching all the news from around this world and hearing how this country wants to solve the problems of the world but yet our so called leaders (to use that description loosely) these people who are in charge of this nation can't ...

03/23 - 03/30 - Dakota Voice
► January 16 - January 23 (1) Tomorrow is the last lesson of the Truth Project at South Canyon Baptist Church in Rapid City. You can find other Truth Project gatherings going on in the Rapid City area, and in towns across South Dakota. Check with ...

2008 (2505) - 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 ...