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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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Franklin mortgage quotes news:
Hindsight Not Oversight - KELOLAND TVStraight Talk Commentary – Members of the 110 th Congress took one of the most important votes in their legislative careers when voting on the ineptly portrayed Wall Street Bailout bill last weekend. With the financial markets in nearly full panic ...
Palin's family ties include FDR, Princess Diana - Atlanta Journal ConstitutionIn the '90s and deep into the Bush years, talk radio became a devastatingly effective echo chamber for Republican impulses... COUNTDOWN 2008: ON THE RUN: Donations to Obama questioned (10/08/2008) Democratic presidential candidate Barack Obama has ...
Community Reinvestment Act had nothing to do with subprime crisis - BusinessWeekFresh off the false and politicized attack on Fannie Mae and Freddie Mac, today we’re hearing the know-nothings blame the subprime crisis on the Community Reinvestment Act — a 30-year-old law that was actually weakened by the Bush administration ...
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 ...
Undernews: Rezko Alert - SlateMcCain wants to fire Chris Cox as head of the Securities and Exchange Commission and appoint ... Andrew Cuomo , under whose leadership the federal Department of Housing and Urban Development damaged several New York neighborhoods when it permitted ...
Serving the communities of: - Livingston Parish NewsGuess who said this: "Fannie Mae and Freddie Mac are now super S&Ls, holding billions of dollars of mortgage assets in their portfolios. Over the past decade, they've enjoyed extraordinary growth, but at the same time have enhanced the risk in their ...
item immediately below - SlateDoes MSNBC (Olbermann et. al) really want Obama to win? Won't their ratings be higher in 2009 if they represent the angry opposition--as opposed to the disillusioned party in power? Just a thought. ... P.S.: This factor might cause them not to worry ...
Dow rallies after Fed move to lend to businesses - Newark Star-LedgerWall Street rose moderately early today, with investors getting some encouragement that the Federal Reserve's plan to buy massive amounts of corporate debt will help unclog the credit markets. The markets showed some signs of easing. Investors, many ...
Labor warns McCain about crowds - Boston GlobeThe head of the nation's biggest labor federation is joining the chorus of voices warning about the increasingly angry crowds coming to John McCain's campaign events. At rallies this week , McCain's criticisms of Democrat Barack Obama have been met ...
October 11 Letters to the Editor - Aiken StandardWe need to understand that not every medical procedure is essential or is even in the best interest of the patient. Who should be the gatekeeper, a bureaucrat employed by a private insurer or a government bureaucrat? In the U.S., it has been both ...
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