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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
Jasper home equity loans news:
Financial News
Wells Fargo Offers Assistance for Hurricane Ike Victims - Earthtimes
HOUSTON - (Business Wire) Wells Fargo today said it is offering special assistance to qualified customers affected by Hurricane Ike for communities in 29 Texas counties, including Angelina, Austin, Brazoria, Chambers, Cherokee, Fort Bend, Galveston ...

Dubois County Receives Rural Enterprise Grant - Inside Indiana Business
The Dubois County Area Development Corp. has received a $90,000 USDA Rural Enterprise Grant. The money will be used to provide incentives for business expansion, job retention and creation and private investment in rural areas. USDA Rural Development ...

TCF Financial Q3 2008 Earnings Call Transcript - Seekingalpha.com
TCF Financial (TCB) Q3 2008 Earnings Call October 22, 2008 11:00 am Executives William A. Cooper - Chairman and CEO Barry Winslow - Vice Chairman Neil W. Brown - President and Chief Operating Officer Thomas F. Jasper - Chief Financial Officer and ...

CWB Reports Solid Third Quarter Financial Results Marking 81 ... - CNW Group
Strong loan growth of 3% in the quarter and 10% year-to-date Record total revenues despite the significant impact of ongoing margin compression Quarterly dividend of $0.11 per common share declared >> EDMONTON, Sept. 4 /CNW/ - Canadian Western Bank ...

Fitch: Mortgage Holdings Could Imperil Life Insurance Firms - Insurance News Net
Copyright 2008 SourceMedia, Inc.All Rights Reserved National Mortgage News October 13, 2008 Pg. 9 Vol. 33 No. 4 711 words Fitch: Mortgage Holdings Could Imperil Life Insurance Firms Brad Finkelstein CHICAGO-Fitch Ratings here has downgraded its ...

Bank of America Announces Customer Disaster Relief Program in Wake of ... - PR Newswire
HOUSTON, Sept. 17 /PRNewswire/ -- Bank of America today announced its disaster relief program for 29 counties in Texas and 14 parishes in Louisiana that have been most heavily impacted by Hurricane Ike. (Logo: http://www.newscom.com/cgi-bin/prnh ...

Jerome Chen's blog - Foreign Policy Blogs
Despite the greater-than-expected losses reported by Ford and GM today, such abysmal results fail to surprise anyone these days. The U.S. car industry's "Big Three" have lumbered on with bloated bureaucracies and product lines for many years now. But ...

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