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Stonegate Mortgage Corporation Hires Cori Drudge as Loan Originator - Market WireINDIANAPOLIS, IN--(Marketwire - November 17, 2008) - Stonegate Mortgage Corporation is pleased to announce the hiring of Cori Drudge as a Loan Originator for their Fishers, Indiana office. Prior to joining Stonegate Mortgage, Mr. Drudge was the ...
Refinancing available to vets with subprime loans - HamptonRoads.comVeterans with conventional home loans now have new options for refinancing to a loan guaranteed by the Department of Veterans Affairs, according to a news release. These new options are available as a result of the Veterans’ Benefits Improvement ...
Westfield’s Lowy Says Malls Will Survive Recession (Update1) - BloombergNov. 20 (Bloomberg) -- Mall owners who can adapt to local spending habits during the current recession will be able to grow when the recession abates, said Peter Lowy , a managing director with Sydney-based Westfield Group . “If you can husband ...
OK, bring in the lawyers - Crain's Chicago BusinessIf Ira Bodenstein needed any confirmation that the bankruptcy business was benefitting from the current financial crisis, he got it in early October, when he walked into UBS Tower in downtown Chicago to moderate a one-day consumer bankruptcy seminar ...
Glenbrook owner warns of bankruptcy - Evening StarThe Glenbrook Square Mall property was assessed by Allen County at $185 million. The mall’s owner, General Growth Properties, is fighting the assessment. Shoppers continue to pack the parking lots and crowd the corridors of Fort Wayne’s Glenbrook ...
Rivals to this day - Columbus DispatchE. Gordon Gee, left, president of Ohio State University, sought an on-campus arena in the 1990s. Then-Columbus Mayor Greg Lashutka wanted an arena Downtown. After years of failed efforts, it was becoming clear in 1994 that Columbus was on the verge ...
Viewer Stories: Living Paycheck To Paycheck - WSB-TV AtlantaThe economy has caused my employer to cut me to a 3/4 worker, cutting my wages but still putting me above the line to qualify for underemployment. I've spent months searching for a new job without luck. I refuse to look beyond the tri-city area ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. When Deal Journal told people we were going to cover an event honoring the 25 Most Powerful Women in Banking, a common reaction was: “There ...
2008 (2665) - Dakota Voice► January 16 - January 23 (1) You don't see this kind of courage in a lot of adults, much less a 6-year old. From the Atlanta Journal-Constitution and ABC News comes word of a young boy who rescued his 5-year old friend from drowning. Josiah, who ...
Simon Property Group Incorporated - NewsdayThe outlook for General Growth Properties Inc.appeared to go from bad to worse Wednesday after the beleaguered mall developer reported its third-quarter net loss widened. Amid writedowns, General Growth cut its profit target for the year, while ...
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