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News about Mortgages:
Local farmers can get low-interest loans due to storm damage - Adirondack Daily EnterpriseTwelve upstate counties, including Essex and Clinton, have been designated as disaster areas by the federal Department of Agriculture, qualifying farmers in them for low-interest loans, according to a press release from U.S. Sen. Chuck Schumer. The ...
Infusion of cash is key to Station’s viability - Las Vegas SunStation Casinos is hoping business will be strong in the coming weeks and that customers use some of the company’s coupons and offers flooding airwaves and mailboxes. The company’s viability depends on it. Executives aren’t saying much these ...
Federal funds to be given to county farms that suffered in 2008 - SaratogianSARATOGA SPRINGS — Saratoga County farms that suffered 2008 weather-related crop damage are eligible for federal emergency loans, U.S. Sen. Charles Schumer announced Monday. Many farmers couldn’t plant crops on time because of last year’s ...
Wall Street: Good riddance to 2008 - Minneapolis Star TribuneThere was almost no place to hide from the crash of 2008. By the time the New York Stock Exchange closed Wednesday to end the year, virtually anyone with money in stocks had felt the punishing drop in the market. Shares ended higher on Wednesday, but ...
The World Newser - ABC News BlogsGeorge Stephanopoulos interviewed Israeli Foreign Minister Tzipi Livni briefly today on Israel's decision to reject international calls for a 48 hour cease-fire . Livni said that a cease-fire "doesn't serve Israel" because Hamas will "abuse any kind ...
New at Reason: Jacob Sullum on the Year in Blame Shifting - Reason.comAnd so, yet again, a picture that has jack and shit to do with the article. I get that election season is meat and potatoes around here, but it's fucking over and the rest of us *suffered trauma* from it. It's not cool to jump behind a guy with PTSD ...
Dear Mr. President - Las Vegas SunThe new year will bring the inauguration of a new president, Barack Obama. The Sun invited several Southern Nevadans to write the president-elect, sharing their priorities for his administration and their hopes and dreams for themselves, the ...
Falling gas prices good for drivers, bad for economy - ksl.comFrom what I've read, the demand for fuel has dropped anywhere between 2 and 4 percent since its record highs. But gas prices have dropped by over 67% in the same time span. I'm not buying the supply-and-demand BS -- it didn't make sense before, and ...
2008 The Year in Review, - Manhasset PressNighttime closures on the Roslyn Viaduct construction begin Jan. 21 for the protection of motorists and workers. The Tower Foundation of Manhasset holds presentations on Interactive Whiteboards (IAW). Tower's goal is to place an IWB in every ...
Today's Mortgage Terms starting with A
Accrued Interest: Interest earned but has not been paid
Additional Principal Payment: A payment made by the borrower of more than the scheduled principal amount due with the purpose of reducing the remaining balance on the loan.
Adjustable Rate Mortgage: Loans with interest rates that are adjusted periodically based on changes of a pre-determined index. The index is based on market rates such as Treasury bills and prime rates. The ARM has an interest rate cap that limits the amount the interest rate can change.
Adjustment Period: Applicable to an ARM, the time between changes in the interest rate.
Amortization: Repayment of a debt with periodic payments, usually monthly, of principal and interest calculated to pay down the loan within a predetermined time.
Amortization Schedule: A timetable for payment of a mortgage detailing the amount of each payment applied to interest and principal and the balance left outstanding.
Annual Percentage Rate (APR): The cost of credit shown as a yearly rate. The annual percentage rate is usually not the same as the interest rate. The APR will be higher than the interest rate stated in the note due to the fact that it includes the interest rate, loan discount points, fees and mortgage insurance.
Appraisal Fee: A fee charged by a licensed, certified appraiser for a written estimate of a property's current market value at a specific time.
Assumable Mortgage: A mortgage that can be taken over by the buyer when a home is sold by the previous owner.
View all Terms