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Brodheadsville East Stroudsburg Kunkletown Mountainhome Pocono Summit Shawnee On Delaware Tobyhanna
Buck Hill Falls Effort Long Pond Pocono Lake Reeders Skytop
Today's Mortgage Terms starting with M

Margin:

The percentage difference between the index for a specific loan and the interest rate charged. This is a number already set by the lender.

Market Value:

The price at which a given property or product is transacted between a willing, unhurried buyer and a seller who know all the pertinent facts about the property.

Mortgage Banker:

A financial institution who directly funds home loans, sells them to investors, arranges monthly payments and handles escrow. Some mortgage bankers sell their loans on the secondary market.

Mortgage Broker:

A broker arranges financing for borrowers with a variety of lenders. A mortgage broker does not make the loan, but receives payments for its services.

Mortgage Insurance:

It is insurance to protect the lender in case you default on your loan. With conventional loans, mortgage insurance is generally not required if you make a down payment of at least 20% of the home's appraised value. It is also known as PMI (Private Mortgage Insurance).

Mortgage Loan:

A loan for which a specific real estate property serves as collateral to provide for repayment in case of default.

Mortgage Refinance:

A refinanced mortgage is one in which a borrower pays down an old loan with a new loan. People who refinance a mortgage tend do so to get a lower interest rate, lowering their payments or to take cash out of their home equity.

Mortgagee:

The lender in a mortgage loan relationship. Property is used as collateral to make payment.

Mortgagor:

The borrower in a mortgage loan relationship. Property is used as collateral to make payment.

View all Terms
Monroe mortgage rates news:
Financial News
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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 ...

Beautiful Miss Idaho in LCHS Parade - Spokane Spokesman-Review
How about a photo of Coeur d'Alene's newest Sweetheart to end the week? Miss Teen Idaho, Estrella Atkinson , a senior at Lake City High School, along rain soaked Sherman Avenue, Friday afternoon during the Lake City High School Homecoming Parade ...

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 ...

IMF: The Times They Are A-Changin' - Common Dreams
Have things changed at the International Monetary Fund? Or is the world just witnessing yet another in a long series of global economic double standards? IMF Managing Director Dominique Strauss-Kahn says that the "need for public intervention" to ...

An Invitation to Our Readers - BusinessWeek
Earlier this year, we launched a new and innovative feature on BusinessWeek.com to prominently highlight the insights of our readers. Called In Your Face , it calls attention to the most substantive comments left on our site by our readers. Not only ...

1984 Republican Party Platform - CNN
This year, the American people will choose between two diametrically opposed visions of what America should be. The Republican Party looks at our people and sees a new dawn of the American spirit. The Democratic Party looks at our nation and sees the ...

Nuclear = independence - HamptonRoads.com
Your recent articles “Feeling the bite of food prices” (front page, April 1) and “From pump, prices trickle down” (front page, April 2) about high food and fuel costs left me wondering “where’s the beef?” Consumers should know that ...

Between the Lines - ZDNet Blogs
Get BTL via: Exxon Mobil got “brand-jacked.” About two weeks ago, someone named “Janet,” believed to be a spokesperson for the oil company, started posting one-liner comments about the company on Twitter . There was no reason to doubt the ...

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