Today's Mortgage Terms starting with B

Bankruptcy:

A legal procedure in a federal court to relieve certain debts of a person or a business that is no longer able to pay its debts. Chapter 7 bankruptcy removes all debts. Chapter 13 lets a borrower with and income to pay bills off over a set period of time.

Bearer:

The legal owner of a property.

Bill of Sale:

A document that details the transfer of property.

Biweekly Mortgage:

A mortgage with payments due every two weeks, totaling 26 payments a year, two payments more than a mortgage with monthly payments. The two extra payments lowers significantly the interest paid over the life of the mortgage.

Blanket Mortgage:

A mortgage that includes more than one piece of real estate

Borrower (Mortgager):

An individual who makes an application for and receives funds in the form of a loan and is obligated to repay the loan in full under the conditions of the loan.

Broker:

An individual who gets buyers and sellers together and helps in negotiating contracts for a client.

Buy-Down Mortgage:

A mortgage loan with a lower than market rate for a determined period of time.

Buyer’s Market:

Market conditions that favor buyers. When there are more properties for sale than buyers, sellers may be forced to provide price discounts to close the transaction.

View all Terms

Grant mortgage quotes news:

US judge says hearing on Wachovia possible Monday - Forbes
NEW YORK, Oct 10 (Reuters) - A U.S District Court Judge said there would be no hearing on Friday in the federal case over the rival bids of Citigroup and Wells Fargo & Co for Wachovia Corp after Citigroup dropped out of the deal on Thursday ...

Understand the Obama-Ayers connection - Romesentinel.com
The national press is avoiding a critical campaign issue, deflecting your attention from it. Michael Scherer, a Time Washington bureau correspondent covering the 2008 presidential campaign, recently wrote that we should either: 1) be outraged that ...

Undernews: Rezko Alert - Slate
Do "hate crime" laws lower racial tensions or raise them? I'm not sure it isn't the latter. In Long Beach, some black teenagers were convicted of beating three white women on Halloween "with a hate crime enhancement," according to the LAT . This ...

Petters' lament: I'd 'just rather gamble, drink and die' - Minnpost.com
Say what you will about the Strib's financial struggles, but journalistically, they can still swarm a story. Case in point: today's Tom Petters coverage. Begin with David Phelps' bail-hearing revelations of Petters' wretchitude — an end-gamed ...

Quebec, Ontario swing against Tories - Globe and Mail
D Le5 from Canada writes: Hi CPC remember us?? Ontario...you know the ones you enjoy bashing to get support across Canada (Ontario/Toronto bashing is a National sport apparently). Well it looks that now that you ticked off Quebec (the Province you ...

Polls predict Obama will turn NH blue - Nashua Telegraph
That's what two independent polls concluded at the end of the week, with Saint Anselm College's Institute of Politics and Rasmussen surveys giving Sen. Barack Obama a commanding double-digit lead. St. A's has Obama beating Republican Sen. John McCain ...

Why Ayers Matters (Guest Voice) - The Moderate Voice
To listen to the Obama spin-masters you’d think that the McCain campaign’s questioning of their candidate’s association with unrepentant terrorist bomber Bill Ayers is a smear tactic falsely elevating a casual relationship between the two men ...

Talking Point: What can save the plunging markets? - ksl.com
until after president bush announced there was a problem and started pushing the bailout. If the president would have kept his mouth shut, and not scare everybody with an unfounded sense of urgency, doom and gloom, the market would have slowly ...

The SarahCuda on the attack - Hotair.com
The Free Sarah Palin strategy has already begun to pay dividends . Palin returned to the traditional running-mate role of attack dog, reminding voters of Barack Obama’s accusation that American troops had a strategy in Afghanistan of “air ...

Open Thread - News Busters
The media spin is on, and despite Sarah Palin's fabulous performance last evening -- she's receiving an A- rating from NBers compared to B- for Biden -- the usual suspects in the press are giving Joe the nod. What a surprise. Regardless, how big of a ...