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Today's Mortgage Terms starting with M
Margin: The percentage difference between the index for a specific loan and the interest rate charged. This is a number already set by the lender.
Market Value: The price at which a given property or product is transacted between a willing, unhurried buyer and a seller who know all the pertinent facts about the property.
Mortgage Banker: A financial institution who directly funds home loans, sells them to investors, arranges monthly payments and handles escrow. Some mortgage bankers sell their loans on the secondary market.
Mortgage Broker: A broker arranges financing for borrowers with a variety of lenders. A mortgage broker does not make the loan, but receives payments for its services.
Mortgage Insurance: It is insurance to protect the lender in case you default on your loan. With conventional loans, mortgage insurance is generally not required if you make a down payment of at least 20% of the home's appraised value. It is also known as PMI (Private Mortgage Insurance).
Mortgage Loan: A loan for which a specific real estate property serves as collateral to provide for repayment in case of default.
Mortgage Refinance: A refinanced mortgage is one in which a borrower pays down an old loan with a new loan. People who refinance a mortgage tend do so to get a lower interest rate, lowering their payments or to take cash out of their home equity.
Mortgagee: The lender in a mortgage loan relationship. Property is used as collateral to make payment.
Mortgagor: The borrower in a mortgage loan relationship. Property is used as collateral to make payment.
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Orange mortgage quotes news:
Read all '"real estate"' posts in Webware - CNET NewsReal estate search site Trulia announced Wednesday that it has inked a deal with 1020 Placecast , an advertising company that uses location-based information to target audiences, that will see the site's advertising become location-specific. Once ...
The Anti-Socialist Wealth Redistributors - Reason.comGeorge Will on Sunday furthered his valuable recent service to the nation by giving Republicans the kind of intellectual shock therapy they'll need if they are to learn anything both useful and objectively pro-freedom from their electoral drubbing ...
Making It Click: Annual Ranking Of the Best Online Brokers - Barron's OnlineTURNING THE COMPLICATED INTO THE SIMPLE is a basic aim of online brokerage. It means bringing together the prices of everything from Nokia shares to options on South African gold to U.S. Treasury bonds on a single platform. It means simultaneously ...
Recently in 2010 Category - New York Daily NewsHow about Christine Quinn for U.S. Senate if Hillary Clinton gives up her seat to become secretary of state? Quinn, the first woman speaker of the City Council, and also the first openly gay person to hold that post, was asked earlier today if she ...
November 2008 - ABC News Blogs1. Who will play a bigger role in filling out President-elect Barack Obama’s Cabinet -- Joe Biden, Bill Clinton, or Doris Kearns Goodwin ? 2. Will the Republican Party have to blow itself up to put itself back together ? (Which of those directions ...
Real estate - CNET NewsReal-estate sites had some tough times last week. First, Redfin , an online brokerage for residential real estate, announced that it was laying off 20 percent of its staff , then Zillow , a service that delivers home values and lists sales, announced ...
Obama calls mortgage plan bad for taxpayers - Knoxville News SentinelDAYTON, Ohio - Democrat Barack Obama told a campaign audience Thursday that Republican John McCain's mortgage buyout plan would cost taxpayers billions of dollars and reward bad behavior by lenders. Speaking in Dayton as he started a two-day bus tour ...
Chatological Humor - Washington PostGene Weingarten's humor column, Below the Beltway , appears every Sunday in The Washington Post magazine. It is syndicated nationally by the Washington Post Writers Group . At one time or another, Below the Beltway has managed to offend persons of ...
What must John McCain’s endgame strategy be? - Atlanta Journal ConstitutionAt this point, John McCain’s message must be entirely about buyer’s remorse. Barack Obama is the least-experienced presidential candidate in modern history, has never had to handle a crisis, and would take office in the middle of an economic ...
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