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Today's Mortgage Terms starting with E

Equity:

The difference between the current market value of a property and the total debt outstanding against the property.

Escrow:

A transaction in which a third party represents both the buyer and seller, or for borrower and lender, involving the handling of legal documents and disbursement of funds. In some parts of the US, escrow of taxes and insurance premiums are referred to as impound or reserves.

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Van Zandt home equity loans news:
Financial News
Housing slump deepens as prices drop most in 26 years - Globe and Mail
Silver Standard (America is a welfare queen superpower) from Canada writes: Well guys in a few years I will finally be able to afford a house. I remember earlier this year I was insulted on this forum for saying such a thing. Prices are going to fall ...

Premier fears Obama will force jobs out of Ontario - Globe and Mail
Canuck in KL from KL, Malaysia writes: What about Canada's own ZENN electric car company? Investing a few billion in such a venture, maybe toss a billion to a home-grown Fuel Cell technology company or two and voila - the Canadian Auto Market is ...

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