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5 things to consider for Brevard real estate - Florida Today
Florida Today5 things to consider for Brevard real estateFlorida Today"Mortgage rates do have an impact on homebuyer affordability, especially for budget-constrained Americans," McBride says. "But the sluggishness of housing in 2014 is largely due to stagnant household incomes, regardless of how low mortgage rates have ...

9 Investigates: Despite no floods, Brevard residents find themselves living in ... - WFTV Orlando
9 Investigates: Despite no floods, Brevard residents find themselves living in ...WFTV Orlando“I'm a single mother of three and I can barely pay my mortgage now, and I don't know how I'm going to pay my mortgage.” And she's not alone. Almost two dozen homes in her neighborhood are facing the same cost. “This neighborhood has been tested and ...

13th Annual Caring Hearts Benefit Set For May 2 -
SpaceCoastDaily.com13th Annual Caring Hearts Benefit Set For May“The benefit contributes to the ongoing success of the Cancer Care Foundation in assisting under and uninsured cancer patients in Brevard and Indian River counties,” said Tom Drago, Caring Hearts Committee Chairperson and foundation board of directors ...

Orlando underwater-mortgage rate among highest - Orlando Sentinel
Orlando underwater-mortgage rate among highestOrlando SentinelNeighboring Polk County and Las Vegas tied for the nation's highest share of upside-down mortgages: 30 percent, according to a report released Thursday by real-estate-research group RealtyTrac. Brevard County ranked third nationally with 27 percent ...and more »

Pair of Main Street businesses departing - Hilton Head Island Packet
Hilton Head Island PacketPair of Main Street businesses departingHilton Head Island Packet“Unfortunately, Main Street, that whole (1500) block, sits up underneath a condo association (condos compose the units above street level), and as a business owner it really makes no sense to pay for a mortgage for the unit, plus taxes, then a regime ...and more »

Six financial New Year's resolutions you'll actually keep -
Six financial New Year's resolutions you'll actually keepWPTV.comThe average family should have approximately three to six months' salary set aside in an account that is designated specifically for emergencies. This emergency fund should be able to cover all expenses, including mortgage and car payments, utility ...and more »

Civil Rights 'cold cases' drag on, and on, and on - New Pittsburgh Courier
New Pittsburgh CourierCivil Rights 'cold cases' drag on, and on, and onNew Pittsburgh CourierAt the time they were killed, Harry Moore, who also founded the Brevard County chapter of the NAACP, was registering large numbers of Blacks to vote and protesting the circumstances around a rape trial in Groveland – including the killings of two of ...

Civil rights era cold cases slow to resolve - Charlotte Post
Civil rights era cold cases slow to resolveCharlotte PostThe Moores were some of the earliest civil rights leaders in Florida and began their work in Brevard County. Harry Moore, a graduate of Bethune-Cookman College (now University), was the Florida state field secretary for the NAACP. He fought for equal ...

Prince William and Stafford counties home sales - Washington Post
Prince William and Stafford counties home salesWashington PostBrevard Park Ct., 12101-Mark A. Brinkmiller to Michele M. Gazzara, $340,000. Chippenham Ct., 12541-Brookfield Relocation .... Eckley Ct., 7711-Federal National Mortgage Association to Sara Morejon, $310,100. Flagtree Pl., 13988-Robert W. Price to David ...

Oil obsession hot on -
NBCNews.comOil obsession hot on CNBC.comNBCNews.comRodney Clay Patrick Jr., 22, was charged with manslaughter on Tuesday following the death of a 17-year-old Douglas Trey Winslow, according to the Brevard County Sheriff's Office. The shooting happened while the two were listening to the song "Bustin ...

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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.

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