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

Rogers mortgage quotes news:

Words from the (Investment) Wise for the Week That Was (November 10 ... - Safe Haven
The Oxford Dictionary defines "volatility" as "liable to change rapidly and unpredictably, especially for the worse". It's not as if investors do not know this by now, as global stock markets were again subjected to extreme fluctuations during the ...

Calling out Drudge on McCain volunteer's attack lie - San Francisco Gate
The tale of the McCain volunteer who made up an attack is sad -- both for what she personally is going through and for what it says about our culture and media. First, to do what 20-year-old Ashley Todd allegedly did shows she is in a bleak, bleak ...

Political Bulletin - US News and World Report
Gov. Sarah Palin continues to dominate current coverage of American politics. The scrap over Sen. Barack Obama's "lipstick on a pig" comment drew national media attention yesterday, including prominent spots on all three nightly news programs. ABC ...

Lewd photos surface, Clackamas County deputy resigns - Portland Tribune
Brandon Claggett’s 14-year career as a Clackamas County sheriff’s deputy is over partly because of an inappropriate relationship he had with a woman 17 years his junior. Claggett, 37, resigned his position Oct. 7 after sheriff’s investigators ...

Campaign getting personal - Boston Globe
Get ready to hear a lot about Bill Ayers and Charles Keating this week, likely including Tuesday night's second presidential debate. Republican John McCain is trying to move the campaign off the economy -- an issue on which Democratic rival Barack ...

Labor warns McCain about crowds - Boston Globe
The head of the nation's biggest labor federation is joining the chorus of voices warning about the increasingly angry crowds coming to John McCain's campaign events. At rallies this week , McCain's criticisms of Democrat Barack Obama have been met ...

Harper is growing into the job - Globe and Mail
There is an incredibly simple way to let the GM know you are unhappy with their endorsement. They sell ads and make money based on clicks, and clicks are counted. I am as interested in the news as anyone, however, although I am a home subscriber to ...

Were Joe the Plumber’s privacy rights violated by the press or the ... - Bloggernews.net
Read 876 times. Within a few days of the “Joe the Plumber” incident, I was reading about his tax lien, that he lacked a full plumber’s license, and that the plumber currently has an income level that would make him eligible for Obama’s ...

Savage's announcement, Winslow's response to suspension - Cleveland Plain Dealer
Tracy Boulian/The Plain Dealer Kellen Winslow has been suspended one game by the Browns for his post-game comments on Sunday. Late Tuesday afternoon, the Browns suspended tight end Kellen Winslow for this week's game against Jacksonville following ...

How did people get dirt on Joe the Plumber? - Hotair.com
How did so much information about Joe Wurzelbacher’s taxes and licensing get out to the public so quickly? Officials in Ohio want to know the answer. They apparently suspect that state and local government systems got exploited in order to ...