Pontiac Mortgage Refinance and Information Online from competing Lenders

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News about Mortgages:

GM, Ford CEOs will take $1 salary for loans - Detroit Free Press
The chief executive officers of General Motors Corp. and Ford Motor Co. are expected to tell Congress today that they will reduce their salaries to $1 a year if their companies receive the federal aid they are seeking from Congress. Ford announced ...

Big Three Automakers to Submit Plans to Congress - ABC News
Detroit's automakers, making a second bid for $25 billion in funding, are presenting Congress with plans Tuesday to restructure their ailing companies and provide assurances that the funding will help them survive and thrive. General Motors Corp ...

Automakers to submit plans to Congress - Ann Arbor News
WASHINGTON (AP) — Detroit's automakers, making a second bid for $25 billion in funding, are presenting Congress with plans Tuesday to restructure their ailing companies and provide assurances that the funding will help them survive and thrive ...

BIG 3 AUTOMAKERS MAKE 2ND BID FOR CASH - New York Post
WASHINGTON - Detroit's automakers, making a second bid for $25 billion in funding, are presenting Congress with plans Tuesday to restructure their ailing companies and provide assurances that the funding will help them survive and thrive. General ...

Auto makers return for $25 billion bailout - Grand Junction Daily Sentinel
WASHINGTON (AP) — Detroit’s automakers, making a second bid for $25 billion in funding, are presenting Congress with plans today to restructure their ailing companies and provide assurances that the funding will help them survive and thrive ...

US automakers to submit plans to Congress - Economic Times
WASHINGTON: Detroit's automakers, making a second bid for $25 billion in government funding, are presenting Congress with plans on Tuesday to restructure their ailing companies and provide assurances that the bailout will help them survive and thrive ...

Local Auto Dealers Watching Bailout Plea - WKYT 27
WASHINGTON (AP) - Detroit's automakers, making a second bid for $25 billion in funding, are presenting Congress with plans Tuesday to restructure their ailing companies and provide assurances that the funding will help them survive and thrive ...

Big 3 Automakers Face Bailout Deadline - News 4
Detroit's automakers, making a second bid for $25 billion in funding, are presenting Congress with plans Tuesday to restructure their ailing companies and provide assurances that the funding will help them survive and thrive. General Motors Corp ...

Automakers to submit plans to Congress today in bid for a lifeline - San Jose Mercury News
WASHINGTON — Detroit's automakers, making a second bid for $25 billion in funding, are presenting Congress with plans today to restructure their ailing companies and provide assurances that the funding will help them survive and thrive. General ...

Auto bailout, take two: Detroit's Big 3 - Ford, GM, Chrysler - make ... - New York Daily News
(L-R) General Motors (GM) CEO Richard Wagoner, Jr., Chrysler CEO Robert Nardelli and Ford Motor Company CEO Alan Mulally wait to testify. WASHINGTON - Detroit 's automakers, making a second bid for $25 billion in funding, are presenting Congress ...

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

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