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Adah Chestnut Ridge Fairchance Hopwood Lemont Furnace Mount Braddock Point Marion Vanderbilt
Allison Connellsville Farmington Indian Head Markleysburg New Geneva Republic Waltersburg
Belle Vernon Dawson Fayette City Isabella Martin New Salem Ronco West Leisenring
Brier Hill Dickerson Run Gans Keisterville Masontown Newell Smithfield White
Brownfield Dunbar Gibbon Glade La Belle Mc Clellandtown Normalville Smock Wickhaven
Brownsville East Millsboro Grindstone Lake Lynn Melcroft Ohiopyle Star Junction
Cardale Everson Hibbs Leckrone Merrittstown Oliver Uledi
Chalk Hill Fairbank Hiller Leisenring Mill Run Perryopolis Uniontown
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
Fayette mortgage rates news:
Financial News
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Memphis area home sales decline 17.7% in July - Memphis Business Journal
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