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Commercial real estate in for tough 2009 - Buffalo NewsThe balance of power between landlords and tenants will shift dramatically in 2009. For landlords, this promises to be a year of intense competition, more bankrupt tenants, and tightfisted lenders. For renters, it looks like a time of abundant ...
RUN FOR THE MONEY - New York Post1) Lose weight. 2) Save money. We really can't help you on the former (your dealings with the Hershey Co. are your own affair). But you might be surprised at how easy the government is making the latter - at least for homeowners. If you got a ...
1800s state agency increasingly approached for municipal loans - Milwaukee Journal SentinelCaledonia : $5 million for a highway project Mukwonago schools : $4.2 million for refinancing Oak Creek-Franklin schools : $3.8 million for employee pensions Arrowhead High School : $2.3 million for refinancing Ozaukee County : $2.2 million for ...
RSS Feed: Local News - Tracy PressThough the owners of Tracy’s West Valley Mall are fighting to stave off bankruptcy, local officials say the retail center’s business will continue as usual. A shopper walks out of the West Valley Mall Friday afternoon. The mall’s owners face ...
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A Lovely Mixed Bag Of A Mailbox... - Football365.comGreat to hear Peter Hill-Wood's comments even if it is only a negotiating stance. Truth of the matter is that any big institution that gets their sums wrong is history. Arsenal's stadium was built with finance from the mad decade but has to ...
Business Highlights - Buffalo NewsNEW YORK (AP) - Wall Street started 2009 with a big rally Friday as investors, brushing aside a disappointing report on manufacturing, sent the Dow Jones industrials up more than 250 points and to their first close above 9,000 in two months. All the ...
Outlook for 2009 - Lansing State JournalTowne Courier: How do you feel 2008 was for the city, in terms of issues the city has dealt with or faced? Loomis: From my vantage point, we had a very good year in East Lansing — a very good year. One of the reasons I say that is, unlike some ...
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 ...
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.
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