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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.

View all Terms
Carbon mortgage quotes news:
Financial News
Plouffe Whistles Plus: Obama's failed fight-back - Slate
Effective day for Dems. 1) Bill Clinton outlined a simple, substantive framework for the election. As James Taranto noted, he built a stronger case for Obama than Hillary did--an inversion of how the two Clintons are said to actually feel about the ...

Heidi Montag equates herself with Jesus - The Superficial
Excuse my ignorance but who the fuck are these people? I see their (deserved) abuse almost every day on this site but am absolutely clueless as to their (lack of) fame, and don't think they deserve the time it would take me to Google their asses. 12 ...

The Thin Man - Weekly Standard
"The transformation of Joe Biden is one of the best story lines at this convention. A week ago, people would sprint from the room when Joe entered for fear he would start a sentence that might not end until Halloween. Now, suddenly, he is a towering ...

Global Warming Will Save America from the Right ... Eventually - Common Dreams
Say what you will about the looming catastrophe facing the world as the pace of global heating and polar melting accelerates. There is a silver lining. Look at a map of the US. The area that will by completely inundated by the rising ocean-and not in ...

Steep Decline In Oil Production Brings Risk of War and Unrest, Says ... - Common Dreams
World oil production has already peaked and will fall by half as soon as 2030, according to a report which also warns that extreme shortages of fossil fuels will lead to wars and social breakdown. The German-based Energy Watch Group will release its ...

01/16 - 01/23 (1) - Dakota Voice
Badlands Blue Dakota 21 Dakota Today DakotaWomen GraceLife Haggard News Hog House Blog Jay Reding.com Jim Rivers Report Mount Blogmore (RC Journal) Northern Valley Beacon Proud Liberal RadioActive Chief Rage in the Cage Robbinsdale Radical School-of ...

Mickey Kaus - Slate
A federal judge in San Francisco yesterday temporarily barred the Department of Homeland Security from carrying out new rules to crack down on employers of illegal immigrants, dealing a legal setback to the Bush administration's effort to get crops ...

Big Zell Dis  - Slate
The poverty numbers are good economic news at a time when financial markets have been rattled by a slumping housing market. However, the numbers released Tuesday represent economic conditions from a year ago . [E.A.] Is there any reason to think the ...

April 2008 - Weekly Standard
Nearly half of Democrats (48 percent) think Hillary Clinton has a better chance of beating John McCain in November — 10 percentage points higher than the 38 percent who think Barack Obama can win, according to a FOX News poll released Wednesday ...

Scotland can become a leader in renewable energy while England goes ... - Sunday Herald
IT'S A pity Gordon Brown and Alex Salmond haven't spoken since August, because if they had, they might have been able to avoid last week's demeaning spat over the new generation of nuclear power stations. There is a perfectly rational and adult ...

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