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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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Northampton home equity loans news:
Financial News
How not to help first-time homebuyers - Times Online
Imagine - if you are not one of the several million people who falls into this category - that you are a frustrated first-time homebuyer. Over the past few years you have resisted the temptation to borrow six times your salary to buy a dingy one ...

Bankers weigh in on housing decline - Allentown Morning Call
A group of Lehigh Valley bankers says the current housing slowdown won't go away overnight and will affect builders, residents with less-than-stellar credit and businesses considering an expansion. The region will be spared some of the toughest ...

Bay Area Vista - NBC 11
Representatives from the Santa Clara County of The Registrar of Voters, The Silicon Valley Young Democrats, and The Young Republican National Federation join us to discuss the importance of voting and to stress the importance of voting for this ...

Bill's Parliament blog - Cambridge News
As he branded the Labour government a bunch of Zombies, Liberal Democrat Leader Nick Clegg's problem was to show he had breathed new life into his party after the near-fatal leadership of Sir Menzies Campbell. The 41-year-old had promised to bring a ...

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