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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
Hanson mortgage quotes news:
Financial News
Nov 30 - Dec 06 (163) - Andrewsullivan.theatlantic.com
In 2006, adjusted for purchasing power, the United Kingdom spent $2,760 per person on health care. America spent $6,714. It's a difference of almost $4,000 per person, spread across the population. That's $4,000 that can go into wages, or schools, or ...

Sound off on Vazquez deal - Atlanta Journal Constitution
The entry titled "Hampton is gone, while Peavy is ...," and any of the comments about it. Come back … no, good riddance … Please stay, we need you … no, please just go. Does that pretty much summarize the polarizing presence that was Mike ...

Jake could make for J-heavy rotation - Atlanta Journal Constitution
The entry titled "Jake could make for J-heavy rotation," and any of the comments about it. A few things while pondering how a rotation with Jake, Jair and Jorge would be in J-overload if Jo-Jo were also to join (realizing, of course, his name ...

Braves still shopping for a Big Dog - Atlanta Journal Constitution
The entry titled "Braves still shopping for a Big Dog," and any of the comments about it. The leaves are off the big ol’ oak tree I’m looking at in my front yard. Thanksgiving is just a week away. And the Braves haven’t filled any of their ...

Local lender key in meltdown - Denver Post
Nov 21: Pressure on Citigroup builds, shares fall below $4 Nov 20: Fannie, Freddie suspend foreclosures Stocks tumble for second day; Treasurys surge Dems delay auto bailout vote, seek plan from Big 3 Nov 13: Stocks shoot up 550 as investors swarm ...

Something in the water - Spokane Spokesman-Review
The news that parts of north Spokane are under a boil order due to drinking water contamination came to us late last night, and so we only had time to put together a brief for today's paper. But fret not, we're on the story in force today - one ...

Wild Card/Vacation Day 11 of 12 - Spokane Spokesman-Review
Only two more shopping days until I return to the final days of the City Council campaigns. Then, we'll have fun taking apart the campaigns. Any dirt yet? Any mudslinging. You know, the good stuff. Or is everyone behaving? My wife is now looking over ...

2008 (2675) - Dakota Voice
► January 16 - January 23 (1) The afternoon plenary session of the FRC Washington Briefing was called Lights, Camera, Values in Action . It included speeches from Dr. Ted Baehr, president of MovieGuide, Brad Moore, president of Hallmark Hall of ...

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