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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.

View all Terms
Lebanon mortgage rates news:
Financial News
What's Hot -- and What's Not - Washington Post
You don't top your peers every year for the past dozen years by adhering to conventional thinking. That, at least, is the reasoning of Rudolph-Riad Younes, co-manager of the remarkable Julius Baer International Equity A fund (symbol BJBIX ). Younes ...

Rambo and the Mean Girl - Common Dreams
 The Republican Party convention in Minneapolis gave us two American film narratives in an attempt to shift the national political debate away from issues and accountability to personalities and fluffy ideals. Former Reagan speech writer Peggy ...

How Palin Got Picked - Weekly Standard
Forty-four years ago, an actor named Ronald Reagan gave a speech supporting Barry Goldwater and launching his own political career that was known ever after, by his ever increasing group of followers, simply as " The Speech ." If the McCain-Palin ...

Andrew Sullivan, unreliable narrator. - Slate
I'm stunned by Deborah Orin-Eilbeck's death . I didn't know she was fighting cancer. She sent me an email only a couple of months ago cheerfully and sensibly disputing something I'd written arguing that Gov. Vilsack's candidacy would let Hillary skip ...

Hillary Clinton: The Asian-American choice - Salon
Conservatives have a host of reasons for fawning over Alaska Gov. Sarah Palin, John McCain's surprise vice-presidential pick. She's solidly pro-life and a solid fiscal conservative. But possibly her most attractive attribute, at this particular ...

Corrections and clarifications - Milwaukee Journal Sentinel
An article Wednesday about a proposed merger of Milwaukee County justice facilities incorrectly stated that the House of Correction is in County Supervisor Paul Cesarz's district. It is in Supervisor Mark Borkowski's district. An item in the Life ...

Poverty Is Poison - Common Dreams
"Poverty in early childhood poisons the brain." That was the opening of an article in Saturday's Financial Times, summarizing research presented last week at the American Association for the Advancement of Science. As the article explained ...

Why The Right Loves a Disaster - Common Dreams
Moody's, the credit-rating agency, claims the key to solving the United States' economic woes is slashing spending on Social Security. The National Assn. of Manufacturers says the fix is for the federal government to adopt the organization's wish ...

01/16 - 01/23 (1) - Dakota Voice
Badlands Blue Dakota 21 Dakota Today DakotaWomen GraceLife Haggard News Hog House Blog Jay Reding.com Jim Rivers Report Mount Blogmore (RC Journal) Northern Valley Beacon Proud Liberal RadioActive Chief Rage in the Cage Robbinsdale Radical School-of ...

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