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Stonecrest land will soon be up for sale - Newton CitizenStonecrest land will soon be up for saleNewton CitizenCONYERS — What once was an ambitious residential development at the Rockdale-DeKalb County line has been foreclosed and will soon be put up for sale to the ...
SPLOST revenue limited by economy - Rockdale CitizenSPLOST revenue limited by economyRockdale CitizenRockdale County has four payments left on SPLOST bond debt service totaling $23.2 million. The next payment is due in April at $11.06 million, with another ...
Jobs focus of Stokes' bid for Congress - Rockdale CitizenJobs focus of Stokes' bid for CongressRockdale CitizenIn an interview with the Rockdale Citizen on Tuesday, Stokes outlined a campaign that would address Fourth District residents' desire to achieve the ...
HUD Secretary Cites Avondale Project As Stimulus Success Story - kypost.comHUD Secretary Cites Avondale Project As Stimulus Success Storykypost.comThe Model Group is constructing the new Forest Square Senior Apartments building at the corner of Havey and Rockdale Avenues in Avondale. ...and more »

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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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