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S&P lowers ratings outlook on Sirius XM Radio - Boston GlobeNEW YORK— Standard & Poor's Ratings Services lowered its outlook on Sirius XM Radio Inc. on Wednesday over concerns about the satellite radio operator's ability to refinance its debt next year. S&P reduced its outlook on the company to "Negative ...
Glendale homeowner tries raising $40,000 on Facebook - AZCentral.comCash-strapped homeowner Farid Shahidinejad is hoping to get by with a little help from his 600 online friends. Under the terms of a recent divorce, the Glendale resident said he must either sell his home for a loss or come up with $40,000 to ...
Top 10 Other Benefits of Your AAA Membership - Edmunds.comIf you're like a lot of people, you're an American Automobile Association (AAA) member who rarely or never whips out the card. And you're grateful for this, since you figure AAA benefits are only of value in emergency situations. But we've got news ...
Message to Obama: Send loans fast - CNN MoneyUnable to get bank loans, A-2-Z Scuba owner Amy Rhodes is scrambling to keep her business on track. (CNNMoney.com) -- What could jump-start the economy? Affordable loans for small business. With bank lending almost frozen and consumer spending down ...
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