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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
Lincoln mortgage rates news:
Financial News
Lincoln ranked No. 1 in insurance sales - Evening Star
The organization formerly known as the Life Insurance Management Research Association ranked Lincoln National Corp. at the top of the industry in life insurance sales for 2007. The Philadelphia-based insurance and financial-services company does ...

'Another 18 months of crunch' - bbc
The credit crunch won't end till US house prices start to rise again, and that could take 18 months, says the chief executive of HBOS , the UK's leading mortgage provider. In his first ever broadcast interview, Andy Hornby - whose bank owns the ...

From a tiny cell to a huge arena, John McCain tells his story and ... - Los Angeles Times Blogs
ST. PAUL -- Well, he's no she. But they both meant every word of it. Sen. John McCain gave the most important speech of his life here tonight, accepting the presidential nomination he has so long sought from the Republican Party he has so long ...

The Anti-Republican Who Is Really a Republican - Nation
ST. PAUL – In the eighth year of Republican dominance of the executive branch of the federal government, after an extended period in which Republicans also controlled the legislative branch of the same federal government, the party's nominee for ...

September August July June May April March February January 2007 - Nypress.com
Well, it’s official: Rupert Murdoch (illustrated here in an episode of "The Simpsons") is the reigning king of corporate media and nothing sacred is safe from his grasp. According to The Wall Street Journal , News Corp has now secured enough votes ...

McCain Doesn’t Really Hate Economists, Does He? - New York Times Blogs
Political rhetoric tends to be overwhelmingly simple while economic analysis is often needlessly complex. This is not news. But it does make for a big disconnect between what politicians say and what they hope to do — because if they publicly said ...

McCain vows to fight, fight, fight for America - Daily Camera
Wow, Sarah Palin was condescending and elitist. I can't believe people are falling for this political gimmick. The Republicans really have no faith in the American people. Posted by katiekurt on September 4, 2008 at 9:04 p.m. Glad to see Cindy speak ...

Election 2008 - Weekly Standard
Bob Shrum, the Democratic campaign strategist, is known for two things mainly--his long losing streak in presidential races, including such highlights as McGovern '72, Kennedy '80, and Kerry '04--and the trademark themes of almost every one of these ...

A Brief History of Bush's Time - American Thinker
The current narrative of the Bush Presidency is that it is a failure (believed by 107 of 109 historians surveyed ) and that George W. Bush is the worst President in history (believed by 61% of those surveyed historians). Senate Majority Leader Harry ...

Washington Mutual Inc. - Chicago Tribune
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