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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
Perry 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 ...

September August July June May April March February January 2007 - Nypress.com
Coming off their best-ever season and being ranked in the preseason polls for the first time in their history, it wouldn’t have surprised anyone if the No. 12 Rutgers Scarlet Knights came out a little overconfident versus lowly University of ...

Jay Bookman - Atlanta Journal Constitution
All the entries posted in August. With Hurricane Gustav scheduled to hit the Gulf Coast tomorrow, the McCain campaign and GOP officials are being forced to scramble. Here’s how the Washington Post is reporting it : “(McCain campaign manager Rick ...

Credit Ratings - Chicago Tribune
RSS feeds allow Web site content to be gathered via feed reader software. Click the subscribe link to obtain the feed URL for this page. The feed will update when new content appears on this page. Parents have plenty of advice for children headed off ...

Lenders that Have Closed Shop, - Wall Street Journal
More than 80 mostly subprime mortgage lenders -- those that make home loans to the riskiest borrowers with questionable credit -- have closed shop since the end of last year as clients defaulted on payments and banks cut off the funding required to ...

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 ...

Latest Rumors - allhiphop.com
You know I was a big fan of Big L and Big Pun – well I still am. From what I heard, there is a Big L documentary coming. In this documentary, I heard there is footage of him and Big Pun together. Now, this is the strange part. I heard that in an ...

Refinancing Mortgages: Is It Time? - WSB-TV Atlanta
During first-quarter 2001, mortgage refinancing represented 60 percent of all mortgage market activity, compared to 20 percent one year earlier. And the median age of the loans being refinanced was a mere 1.6 years, according to data from Freddie Mac ...

Yankee Stadium - New York Observer
hotdogger13 via flickr. New and old Yankee Stadium. Mark Yost in the Wall Street Journal this morning has a searing indictment of sports stadia development. He singles out, among a few others, the new Yankee Stadium going up in the South Bronx. A ...

As economy weakens, companies curtail travel budgets - Katu.com
NEW YORK (AP) - As the economy cools, companies are starting to shrink their travel budgets - a move likely to put further strain on struggling airlines. Hotels, car-rental agencies and restaurants, which along with airlines employ roughly 4 percent ...

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sources: informars.com, erate.com, Freddie Mac
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