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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Dorchester mortgage rates news:

Outlook mixed for $22 billion finance company sector - National Business Review
Finance company collapses in the last year have hit the property development industry, but it is vehicle dealerships that will suffer in the future with the withdrawal of their financiers, a report said today. At least 10 finance companies have ...

Finance company sector outlook mixed - Stuff
Finance company collapses in the last year have hit the property development industry, but it is vehicle dealerships that will suffer in the future with the withdrawal of their financiers, a report said today. At least 10 finance companies have ...

Deposit guarantee scheme heralds an unhealthy new beginning for ... - National Business Review
The government’s deposit guarantee scheme has brought new optimism to the decimated finance company sector, but this is not a healthy outcome, McDouall Stuart head of research John Kidd says in the company’s 2008 review of the sector. “Just ...

Car finance next to feel the freeze, says new report - New Zealand Herald
Finance company collapses over the last year have hit the property development industry, but it is vehicle dealerships that will suffer in the future with the withdrawal of their financiers, a report said today. At least 10 finance companies have ...

Need to know: Aer Lingus vote ... Rentokil falls ... Tata closures - Times Online
Bankruptcies The number of companies going bankrupt jumped sharply between July and September and is set to rise farther, experts said yesterday. More than 4,000 companies went under in the three months to September 30 in England and Wales, 26 per ...

Home Is Where Their Hearts Are - Boston Globe
Esther Maycock-Thorne knows what it's like to be displaced. "I was 13," says the Brockton resident, recalling the day she discovered her father had gambled away her childhood home in Barbados. "No child should ever have to come home and see all of ...

Same old, same old... or what? - Boston Globe
cue the usual responses . . . half will say that now is an absolute terrible time to buy, the sky is falling, boston continues to be overpriced, you're an idiot with no financial sense if you buy now, etc. The other half will say that things aren't ...

FORECLOSURE: On the edge - Charleston Post & Courier
Shoppers who are watching their wallets have led stores to cut back their orders and factories to trim production, a scenario that puts truck driver Charles Hayes in danger of losing his Goose Creek home. Steve Young and Kevin Stubbs (right) look ...

As revenue falls, towns, cities cope - Charleston Post & Courier
With revenue dropping and costs rising, local governments are taking a hit in this rough economy, raising the possibility of higher taxes or reduced services. Karen Wisecarver (from left), of Virginia and her friend Frances Saeger of Summerville shop ...

Obama is the better choice for troubled times ahead - Vindicator
Hard times require hard choices, and we fear the nation is looking at hard times ahead. In 2000, we enthusiastically endorsed George W. Bush for president; in 2004 we issued a reserved endorsement of his re-election. Now, in 2008, The Vindicator ...