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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 |
Bear Lake mortgage loans news:
Great Wolf remains in talks on Ohio resort - Milwaukee Business JournalIndoor water park resort owner Great Wolf Resorts Inc. said Friday that it has negotiated an additional extension of the maturity date to Jan. 23 on its $76.8 million nonrecourse mortgage loan on its Mason, Ohio, resort property. During the extension ...
Stock markets slump following steep job losses in December - 680 NewsTORONTO - Financial and energy stocks led a negative session on the Toronto stock market mid-afternoon as the rising tide of unemployment claimed another half a million jobs last month. Toronto's S&P/TSX composite index was off earlier lows as losses ...
January 2009 (31) - US News and World ReportThrough 5 January 2009, seismic activity has markedly decreased. It is possible that the swarm has ended, though a return of activity may occur as Yellowstone swarms of the size usually last for tens of days to many weeks. About 500 earthquakes ...
Deflation virus is moving the policy test beyond the 1930s extremes - Daily TelegraphWe are beyond the extremes of the 1930s. The frontiers of monetary policy are being pushed to limits that may now test viability of paper currencies and modern central banking. You cannot drop below zero. So what next if the credit markets refuse to ...
After the free-market binge, sobered Pacific Northwest citizens are ... - Seattle Times"It's tough to make predictions," observed Yogi Berra, "particularly about the future." How many people thought, two years ago, that a half-black freshman senator with the crippling political name of Barack Hussein Obama had a realistic shot at the ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Rohm & Haas shareholders: They easily rank as the biggest winners this week. Amid all the dismal news, Dow Chemical offered up this gift to ...
CapeCodToday Blog Chowder - Cape Cod TodayChef John is all you say and then some.. having shared the kitchen with him for the last 2 1/2 years, and guesting on his show.. He'll be the 1st to admit he's a salesman 1st, an actor 2nd, portraying as a Chef 3rd! He's hilarious, self deprecating ...
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