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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
Randolph mortgage loans news:
Financial News
On Native Ground - American Reporter
On Native Ground THE HOUSE OF CARDS STARTS TO WOBBLE by Randolph T. Holhut American Reporter Correspondent Dummerston, Vt. Back to home page Printable version of this story DUMMERSTON, Vt. -- I have written often over the past few years about the ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. XM Satellite Radio Holdings and Sirius Satellite Radio appear to be finally approached the end of their now 520-day slog to merge with today ...

Public Notices - Columbia Star
Sealed proposals will be received by the Mayor and City Council of the City of Columbia, South Carolina, for rehabilitation construction of storm drainage at Martin Luther King Jr. Park. Proposals will be accepted from any Contractor qualified to bid ...

Celtics Would Be Crazy to Add Marbury - Hoops World
As has been well-documented, that's the phrase the Celtics have chanted when breaking huddles since the start of training camp last season. It's difficult to pin down an exact translation but essentially it embodies the philosophy - "I am who I am ...

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