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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
Crawford mortgage loans news:
Financial News
UPDATE:Life Insurers Take Brunt Of Commercial Mortgage Worry - CNN Money
CHICAGO -(Dow Jones)- Should commercial real-estate turn out to be next focus of the financial crisis, life insurers will be among the companies feeling the most heat. Life insurers on average have the equivalent of about 41% of their equity invested ...

Life Insurers Take Brunt of Commercial Mortgage Worries - CNN Money
CHICAGO -(Dow Jones)- Should commercial real-estate turn out to be next focus of the financial crisis, life insurers will be among the companies feeling the most heat. Life insurers on average have the equivalent of about 41% of their equity invested ...

MAHONING COUNTY - Vindicator
Randolph Dotson Jr., 30, of 2529 Elm St., Youngstown, and Amanda L. Wolford, 25, of same. Kevin M. Davis, 30, of 153 E. Judson Ave., Youngstown, and Mia R. Shellow, 34, of same. Michael W. Budge, 45, of 5554 Barkley Ave., Austintown, and Shari J ...

Should U.S. bail out GM? - Rutland Herald
NEW YORK — What's good for General Motors, so the saying goes, is good for the country. Whether or not one agreed with this bit of conventional wisdom as a guide for formulating policy, there's no doubt that there was an era when the health of GM ...

November 2008 - Weekly Standard
Out on the tour circuit for his new book, "How Mitt Romney, the Fake Conservative, Almost Bought the Republican Primary With His Big CEO Money" "Do the Right Thing," Mike Huckabee took a break from bashing former rival Mitt Romney to take a few ...

Real-Time News - Newark Star-Ledger
• New York Jets vs. New England Patriots • New York Jets vs. New England Patriots • New York Jets vs. New England Patriots Gov. Jon Corzine today endorsed Hillary Clinton for secretary of state under President-elect Barack Obama and did nothing ...

March 9 - March 16 - Dakota Voice
► January 16 - January 23 (1) RAPID CITY--Citizens concerned about life came out from across the state of South Dakota tonight for a pro-life rally at the Ramkota Hotel in Rapid City, South Dakota. The evening featured keynote speaker Janet Folger ...

CapeCodToday Blog Chowder - Cape Cod Today
"If others were involved with the accused, let them charge them and join him in prison whatever the cost." It's very obvious others were involved. They found three sets of DNA under her fingernails, and DNA on her shoe that matched no one they tested ...

Despite the perception cash not available, buyers can get loans - Athens Banner-Herald
The automobile industry, like many sectors of the lurching American economy, has slowed down dramatically under pressure of the recent credit crunch. But while tighter credit might have caused a decline in sales at car dealerships, money is available ...

Four Hoosiers charged in mortgage fraud scheme - WTHR
Indianapolis - Hundreds of Indianapolis homes are in foreclosure because of mortgage fraud. Metro Police and the Indianapolis Housing Authority say they made a significant dent to the problem with arrests and charges filed against 6 suspects. When ...

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