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Obama girls get to see their new White House rooms - Post-BulletinWASHINGTON -- Malia and Sasha Obama got a tour of their new White House digs from Jenna and Barbara Bush on Tuesday and checked out potential schools, capping a busy few days looking into their new life in the nation's capital. President George W ...
School for the blind starts visionary newsroom - Newark Star-LedgerEd Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...
McCain housing proposal: Easier said than done - Washington PostRepublican presidential candidate, Sen. John McCain, R-Ariz., smiles as he is greeted during a rally for him and Republican vice-presidential candidate, Alaska Gov. Sarah Palin, at Lehigh University in Bethlehem, Pa, Wednesday, Oct. 8, 2008. (AP ...
McCain: No there there for Obama - Boston GlobeIn his first post-debate appearance, John McCain promoted his plan to have the federal government directly buy mortgages and refinance them at lower interest rates to help beleaguered homeowners. "We need to act quickly and decisively," he told ...
Barack Obama's, John McCain's economic plans aimed at swing states ... - Dallas Morning NewsWASHINGTON – When Barack Obama announced his latest batch of ideas to help the economy this month, he chose an appropriate setting: Toledo, a city struggling with high unemployment and the biggest house-price declines in Ohio. When John McCain ...
JPMorgan Swap With Alabama Drawn Into Criminal Probe (Update2) - BloombergOct. 29 (Bloomberg) -- The U.S. Justice Department is investigating a derivative trade between the state of Alabama and JPMorgan Chase & Co. as part of a nationwide criminal probe. The Justice Department subpoenaed documents about a so- called ...
Even major players feel serious squeeze as revenue drops, debts rise - Las Vegas SunCasino companies’ earnings are plummeting by double digits. Debt costs are rising for many companies. And their customers are spending less. In the financial world, in this economy, those are the trend lines of doom. Indeed, a few smaller operators ...
Cautious reception for mortgage plan - Allentown Morning CallUse the home in question as their primary residence. Prove they were worthy of credit when they took the original loan. Have provided a down payment on the home. Local housing and banking experts are reacting cautiously to John McCain 's proposal to ...
Credit cards woes coming to a head - Allentown Morning CallBankruptcy attorney Michael McCrystal sees it all the time: A homeowner fearing foreclosure begins charging the groceries, the gasoline and the other day-to-day expenses to a credit card, hoping to stay afloat as long as possible. ''That's how people ...
Duneland School Board Election pits Barkow against Custer - Chesterton TribuneToday candidate coverage in the Chesterton Tribune highlights the candidates running for the at-large seat on the Duneland School Board. The candidates are incumbent Janice Custer and challenger William Barkow. Both live in Chesterton. The other ...
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