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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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Mcclain mortgage quotes news:
Financial News
Register reporter interviews John McCain on 'Straight Talk Express ... - Sandusky Register
Register photo/ JASON WERLING The Straight Talk Express, Sen. John McCain's bus, rounds the bend at Cleveland Road near Rye Beach Road on its way out of the area Thursday afternoon with Register reporter Cory Frolik aboard. Except for the words ...

George's Bottom Line - ABC News Blogs
George Stephanopoulos reports on events in politics, Congress and the White House for ABCNews, on the air and online. He interviews top newsmakers, discusses the events of the week and looks to the week ahead each Sunday on 'This Week.' The first was ...

Pantagraph endorses Barack Obama for president - Pantagraph
Regardless of who wins, the 2008 race for the White House is already a historic benchmark. We will wake up on Nov. 5 with either our first black president or our first female vice president. | Election page: Read other Pantagraph endorsements Even ...

Ron Paul scales back hopeless effort, refuses to back McCain - Los Angeles Times Blogs
He's not really quitting. He's not really suspending his campaign for the Republican presidential nomination. He's not promising victory, just to keep on keeping on. But, in effect, Rep. Ron Paul , at 72 the oldest candidate for president and the ...

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