Alexandria Mortgage Refinance and Information Online from competing Lenders
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News about Mortgages:
Analyst Actions: Gap, Autodesk, REITs - BusinessWeekGap Inc.'s ( GPS ) reported higher third-quarter earnings. Citigroup analyst Kimberly Greenberger says the company's 35 cents EPS was in line with her 35 cents estimate. She notes third-quarter selling, general, and administrative (SG&A) expense fell ...
Maryann Haggerty and Elizabeth Razzi - Washington PostWelcome to Real Estate Live, an online discussion of the Washington area housing market with Post Real Estate editor Maryann Haggerty and columnist Elizabeth Razzi. Maryann has been with The Post for 18 years and has served as real estate editor for ...
JPMorgan will modify troubled WaMu home loans - Seattle TimesHomeowners having trouble paying a Washington Mutual mortgage are invited to a free foreclosure-prevention event from 9 a.m. to 6 p.m. Nov. 8. A WaMu loss-mitigation expert will meet with loan holders individually. A certified foreclosure-prevention ...
Michelle Singletary - Washington PostPersonal finance columnist Michelle Singletary hosted an online discussion with Gary Weiss , author of "Wall Street Versus America: A Muckraking Look at the Thieves, Fakers, and Charlatans Who Are Ripping You Off," on Thursday, Oct. 23 at Noon ET ...
For Obama, a Towering Economic To-Do List - The LedgerThe dismal state of the economy helped decide Tuesday’s presidential election. And it almost certainly will dominate the early days of the Obama administration. Illustration by The New York Times Few presidents have entered office with an economy ...
G.O.P. Opens Wallet for Ads - New York Times BlogsFlush with cash, the Republican National Committee is beginning to open its wallet to broadcast new advertisements against Senator Barack Obama. In a single day, the committee paid for a $5 million advertising purchase by OnMessage, a media firm in ...
Election 2008: Barack Obama in the news - NewsdayGeorgia residents packed polling places as early voting began in earnest this week, waiting as long as eight hours in line to cast ballots and forcing some voting sites to stay open deep into the night. Polls have been open in Georgia since Sept. 22 ...
Ric Edelman, the well-known financial adviser and author, joins us ... - The Washington TimesThis chat will begin at noon on Wednesday, September 24, 2008 . Ric Edelman, the well-known financial adviser and author, joins us on Wednesday, Sept. 24, at noon to answer questions on how the Wall Street meltdown affects John Q. Public and his ...
Home Value Highwire - WTOP RadioWASHINGTON - More new and existing homes are being sold in our region and across the nation. This week's Home Value Highwire looks at the benefits of a buyer's market. When Diana discovered her mortgage payment would be about the same as her rent ...
INDUSTRY NEWS & PEOPLE March 2007 - Business Travel ExecutiveThe NBTA Foundation has announced the retirement of four members from its Board of Trustees and the appointment of their successors. The four outgoing Board members are Fay Beauchine, Carlson Companies; Mathias Friess, Virgin Blue; Susan Jacobs, Visa ...
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.
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