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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
Lafayette home equity loans news:
Financial News
Nov 09 - Nov 15 (304) - Andrewsullivan.theatlantic.com
"When every gay person and every friend or family member of a gay person really, truly believes that the status quo is unacceptable, we will win." I'm not gay. I don't have gay friends or family. This isn't about homosexuality. This is about civil ...

Local effect of Economy in Lafayette - KATC 3
The DOW fell about 670 points to 8-thousand-five-79. It's the "first" time the DOW has been below 9-thousand since august of 2003.the S-and-p 500 plunged 75 points to 910. The NASDAQ lost 95 points to close at 16-hundred-45. But a weeklong slide in ...

IBERIABANK Corporation Reports Third Quarter 2008 Results - Yahoo Finance
LAFAYETTE, La., Oct. 21 /PRNewswire-FirstCall/-- IBERIABANK Corporation (Nasdaq: IBKC - News ), the holding company of the 121-year-old IBERIABANK ( http://www.iberiabank.com ) and Pulaski Bank and Trust Company ( http://www.pulaskibank.com ...

Even in upscale Lamorinda, home sellers face challenges - Contra Costa Times
Oct 24: Stocks fall on belief global recession is at hand Oct 23: Greenspan denies blame for crisis, admits 'flaw' Mountain House project shelved E-Loan exiting out of loan business Experts: Don't expect a Depression-like political shift California ...

Fulton Financial Reports Third Quarter Earnings - Market Wire
LANCASTER, PA--(Marketwire - October 21, 2008) - Fulton Financial Corporation ( NASDAQ : FULT ) earned $29.1 million for the third quarter ended September 30, 2008, a 13.4 percent decrease from the same period in 2007. Diluted net income per share ...

Panel: Consumer spending key to depth of recession - Gainesville Sun
The federal bailout is starting to shore up financial institutions and jump-start lending between banks again, but cutbacks in consumer spending are likely to drag the economy down beyond 2009. That was the message a panel of experts at the Hilton UF ...

After a trouncing, Clinton holds course - International Herald Tribune
Altho Mormon, I did not jump on Romney’s side automatically. Our church reminds us….over the pulpit……of political neutrality on a regular basis. And, I was quite open to listening to Brownback and Huckabee’s positions as they were the ones ...

TheStar.com | Business | The rise and fall of American capitalism - Toronto Star
Under the circumstances – government bailouts of the leading banks of the U.S. and Europe, and a stock market that posted a record weekly drop of 18 per cent last week, and a 40 per cent plunge since last summer – the biggest failure in modern ...

Erie County Real Estate Transactions - Buffalo News
• 888 West Alaura Drive, Jason M. Blatner to Susan M. Congdon, $150,000. • 1546 Crittenden Road, Peggy Ann Beals; James F. Ludwig to Alden State Bank, $115,299. • 3089 Old Wende Road, Joseph Krull to Henel-Mattison Holdings Llc, $24,000 ...

John S.W. MacDonald - New York Observer
A new Health Department website tracks the spread of rats throughout the city. [NYDN] According to the Health Department’s Rat Information Portal, Williamsburg and Greenpoint have more rats than south and central Brooklyn, while Bushwick and Bed ...

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