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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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Marion mortgage rates news:
Report: 60,000 Marion residents lack health insurance - Star-BannerOCALA - New numbers released by the U.S. Census Bureau show that Marion County has a higher number of uninsured than previously estimated. The report, which is based on 2005 data, shows that roughly 26 percent of the county residents under age 65 ...
Forbes rates Zanesville among most vulnerable towns - Newark AdvocateZANESVILLE — Forbes magazine features a story that ranks Zanesville the seventh most vulnerable town in America. The publication looked at 141 towns with an urban core of at least 10,000 but no more than 50,000 to evaluate the strength of Main ...
Credit unions are safe - Marion StarWe are in unprecedented financial times, causing every Ohioan to question their own financial well being. Amidst the discouraging headlines, however, there is positive news - and that is the nation's credit unions. Credit unions are safe, sound, and ...
Self-censorship? "Saturday Night Live" pulls bailout skit - Los Angeles Times BlogsA "Saturday Night Live" skit that skewered President Bush, Democrats and homebuyers for their roles in the mortgage meltdown has been removed from the program's website. The skit, a parody of a C-SPAN news conference, ridiculed subprime borrowers ...
Toronto, U.S. stocks dive at open - Globe and MailNorth American stock markets continued their precipitous fall Friday, as the Canadian government stepped up measures to protect the country's banks, and finance ministers and central bankers gathered in Washington to search for a solution to the ...
AP Executive Morning Briefing - ForbesSINGAPORE (AP) - Asian stock markets plunged Monday as government bank bailouts in the U.S. and Europe failed to alleviate fears of a global financial crisis that would depress world economic growth. Investors took scant comfort from Washington's ...
Health Organizations - Morning CallGENEVA (AP) _ The U.N. health agency says it is investigating a mystery disease that killed three people in the South African city of Johannesburg. The World Health Organization says the disease appears to be a form of hemorrhagic fever. It says ...
Nothing New On Foreclosures [Housing Tracker] - Seekingalpha.comSeeking Alpha's Housing Tracker is a collection of housing-related excerpts from various sources, grouped by topic. Feel free to post any interesting links on the subject in the comments section below. Foreclosure Sought Against 145-Unit Miami ...
Looking over the field - Evansville Courier-PressBOB GWALTNEY / Courier & Press Gov. Mitch Daniels, left, Libertarian Andrew Horning and Democrat Jill Long Thompson wait in anticipation during the Governor Debate at the Jasper Arts Center in Jasper, Ind., last month. The last gubernatorial debate ...
Bright spot for builders - Argus LeaderIn spite of the slowdown in Sioux Falls' total building permit activity this year, the city's latest monthly report shows an uptick in construction for multiple-family and town-house units. From January through September, Sioux Falls has issued ...
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