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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
Stewart mortgage quotes news:
Financial News
TREASURIES-Bonds mostly ease as investors wary of low yields - Reuters
NEW YORK, Dec 4 (Reuters) - U.S. Treasuries mostly eased on Thursday as investors balked at buying government debt after a recent price surge that pushed yields to the lowest in over 50 years. Losses were limited however by data showing the U.S ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

November 2008 - Weblogs.baltimoresun.com
In an analysis of TV journalism on Wednesday night, I wrote that a red-ball event like the terrorist attacks in Mumbai often provided a great look into a news oganization. But in expressing my dismay at the way MSNBC couldn't let go of the comedic ...

'Sassy' Elisabeth Hasselbeck believes in Maverick Sarah Palin - Popwatch
That is just one issue on his background. I find it interesting that two Wits have been sent to the US Supreme Court ... one from PA and one from New Jersey on the background issue. It isnt lame and serious ramifications do exist if the background ...

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 ...

Opposition takes hit as Tories move to cut $27-million subsidy for ... - Globe and Mail
What Harper should do is deny the vote in the next election to anyone who didn't vote in this past election. Then Harper's enthusiasts would have a commanding -- well, marginal -- advantage next time. Who needs democracy when you're a self-righteous ...

Upcoming Events - PaddockTalk
Martinsville: Toyota NASCAR Sprint Cup Race Quotes, Recap • Denny Hamlin earned a fifth-place finish in today’s NASCAR Sprint Cup Series (NSCS) race at Virginia’s Martinsville Speedway. • Camry drivers Brian Vickers (11th) and Michael Waltrip ...

Video: Top Toronto News 2007 - Toronto Star
"He is driven by the need to be somebody, to be noticed, that is beyond the norm. He has a totally tin ear when it comes to his P.R. persona." Whetting the appetite for what a Canadian national news magazine hopes will be The Trial of the Century ...

Charlotte II: Toyota teams race notes, quotes - Motorsport.com
Kyle Busch earned a fourth-place finish in tonight's NASCAR Sprint Cup Series (NSCS) race at Charlotte's Lowe's Motor Speedway. Camry drivers Tony Stewart (11th), Denny Hamlin (16th) and Brian Vickers (17th) also finished in the top-20 Saturday ...

The Making of Goldman Sachs - San Francisco Gate
On Wall Street, there is no shortage of glitz and glamour, press-courting moguls and outsize personalities. And then there are firms like Goldman Sachs. Slowly, diligently, it has ripened from no-name financial middleman into the world's most ...

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