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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.

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Greene mortgage loans news:
Financial News
Home sales drop, prices hold stable - Independent News Online
Posted Monday, January 5 at 5:30 p.m. HILLSDALE--Columbia County has not so far seen the intense bottoming-out of real estate prices experienced in many parts of the country. But figures provided by the New York State Association of Realtors (NYSAR ...

24 ways to fix your life in 2009 - Atlanta Journal Constitution
Dead-end job search? Research your online reputation. Enter your name into search engines to see what employers might find. Last year at this time, we were wondering if it could get any worse. It did. Trouble in the subprime market exploded into an ...

How to Fix Your Life in 2009 - Wall Street Journal
Last year at this time, we were wondering if it could get any worse. It did. Trouble in the subprime market exploded into an across-the-board rout. The credit crunch evolved into a global financial crisis. Markets tanked. Mighty institutions fell ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Wall Street folk are accustomed to losing money. Other people’s money. That is why many on Wall Street often carry a regal air of detachment ...

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