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Why Does College Cost So Much, and Is It Worth It? - FOX NewsNewt Gingrich reported that the price a college education has gone up more than inflation, more than heath insurance and — most critically — far more the average American family's income. But is the U.S. system of higher education ripping off ...
Stimulus package heads to Bush - Raleigh News & ObserverVoting yes: Democrats G.K. Butterfield, Bob Etheridge, Mike McIntyre, Brad Miller, David Price, Heath Shuler and Mel Watt, and Republicans Virginia Foxx, Robin Hayes, Walter Jones, Patrick McHenry and Sue Myrick WASHINGTON - Congress passed an ...
Sheafe House demolition OK'd after judge rules time was up - CitizenErin Plummer/Staff Photo AN EXCAVATOR with Spears Brothers of Laconia tears apart the second building of the Sheafe Harbor House on Wednesday. The main building was demolished on Tuesday and the remaining building is scheduled for wrecking soon. The ...
Darling details £50 billion bank bailout plan - Times OnlineChancellor Alistair Darling today launched a drastic rescue of Britain's high street banks in move designed to head off a cataclysmic failure of confidence by announcing a part-nationalisation plan with £50 billion of taxpayers' money. He said there ...
Alexander and Tuke give positions on the issues - Leaf ChronicleALEXANDER: I supported the recommendations of the Iraq Study Group and the "surge" led by Gen. David Petraeus, so that we could make progress in Iraq and Afghanistan, move our military from a combat position to a support role without deadlines for ...
My Heart is Breaking Again Today - Common DreamsCHICAGO - You'd think I'd get over it already. After reading so many patient horror stories and knowing how many people are hurting for healthcare, you'd think I'd have thicker skin. But I sat alone again this morning in the dark and cried. And I ...
The rising taxpayer burden - bbcFor me, the most interesting story of the past 24 hours is that VW , the stressed German carmaker, is trying to raise €2.8bn (£2.2bn) from the European Central Bank . It plans to raise cash from the ECB in exchange for €2.8bn of ...
US Economy--Recession, Depression, or Collapse? - Common Dreams"For Consumers, the Hits Keep Coming" a recent banner headline in a New York Times-owned daily newspaper here in Northern California reports. The article misses the main points. If we continue to understand ourselves as primarily passive consumers ...
'Muzzled' Biden's Halloween Present: A Press Avail - ABC News BlogsABC News' Matthew Jaffe reports: Earlier this week, Republicans claimed that Sen. Joe Biden, D-Del., had been “muzzled” by the Democratic campaign, noting that he had not held a full-fledged press availability with traveling reporters since a ...
Emergency Family Finances: Part 1 - ksl.com...you used to think the neighborhood survivalist, who had his stored supplies of guns, gold and grits and who was waiting for the day when total anarchy would reign, was probably just a little bit nuts. ....now I’m not so sure he was that far off ...
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