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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.
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Hanover home equity loans news:
Bets on oil and bank shares unravel - International Herald TribuneNEW YORK : The big momentum trade of 2008 is unwinding fast, helping to push battered banking shares upward while adding downward pressure to tumbling oil prices. The trade, which bet that energy prices would go higher and bank stocks would crater ...
Wall Street's big bet on oil, bank shares falls apart - ReutersNEW YORK (Reuters) - The big momentum trade of 2008 is unwinding fast, helping to push battered banking shares upward while adding downward pressure to tumbling oil prices. The trade, which bet energy prices would go higher and bank stocks would ...
ANALYSIS-Wall St's big bet on oil, bank shares falls apart - ForbesNEW YORK (Reuters) - The big momentum trade of 2008 is unwinding fast, helping to push battered banking shares upward while adding downward pressure to tumbling oil prices. The trade, which bet energy prices would go higher and bank stocks would ...
Dollar Gains, Boosted by Oil, Stocks; Yen Falls - CNBCThe dollar hit a one-month peak against the yen and a two-week high against the euro Wednesday, getting support from a slide in oil prices and a recovery in risk appetite. iStock With oil more than $20 below this month's record peaks and world stocks ...
FOREX-Dollar rises, lifted by lower oil, housing bill - ForbesNEW YORK (Reuters) - The dollar rallied to a one-month peak against the yen and a two-week high against the euro Wednesday, buoyed by a further drop in oil prices and improved confidence in the U.S. financial sector. Oil prices, which are currently ...
FOREX-Dollar gains, boosted by oil, stocks; yen falls - ninemsnNEW YORK, July 23 (Reuters) - The dollar hit a one-month peak against the yen and a two-week high against the euro on Wednesday, getting support from a slide in oil prices and a recovery in risk appetite. With oil more than $20 below this month's ...
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