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

Allen mortgage quotes news:

Undernews: Rezko Alert - Slate
McCain wants to fire Chris Cox as head of the Securities and Exchange Commission and appoint ... Andrew Cuomo , under whose leadership the federal Department of Housing and Urban Development damaged several New York neighborhoods when it permitted ...

To: news@ctv.ca - Globe and Mail
Your behaviour surrounding the interview with Mr. Dion has been disgraceful. Your interviewer asked a total botch of a question, and when asked to clear it up merely repeated it. Your guest showed enough respect to try to find out what the ...

Kat Wilson from Canada writes: Canada 1, you may be interested in the ... - Globe and Mail
In his first budget as Harper's finance minister, Jim Flaherty invited 'new players' - that is, U.S financial corporations - into Canada's mortgage insurance market and doubled the amount of government money available to back up private insurers from ...

McCain: He's Lost Alter! - Slate
Jonathan Alter, Joe Klein, Richard Cohen, David Ignatius, Jacob Weisberg: all former McCain admirers now turned brutal critics. Equally if not more damaging, the shift has been just as pronounced, if less operatic, among straight-news reporters ...

Obama to Pre-emptively Attack McCain - ABC News Blogs
With the news that the McCain campaign is launching a full assault on Obama's associates , preparedness, and judgment in a TV ad campaign to start Wednesday -- as detailed in this morning's Washington Post -- the Obama campaign is planning a pre ...

10:27:10 PM - Spectator.org
Daniel Larison of The American Conservative takes issue with my taking issue with the conservative Palin critics. He feels pretty strongly she's an empty suit (empty skirt?). He thought her convention speech was substance-free and her debate ...

October September August July June May April March February January ... - Nypress.com
Coming off their best-ever season and being ranked in the preseason polls for the first time in their history, it wouldn’t have surprised anyone if the No. 12 Rutgers Scarlet Knights came out a little overconfident versus lowly University of ...

St. Elizabeth, Mythmaker - Slate
McCain wants to fire Chris Cox as head of the Securities and Exchange Commission and appoint ... Andrew Cuomo , under whose leadership the federal Department of Housing and Urban Development damaged several New York neighborhoods when it permitted ...

Next Stunt, Please! - Slate
Psst, Republicans! The big problem with ACORN isn't the squirrelly voter registration efforts you are making such a fuss about. It is their efforts to water down or undermine work-based welfare reform . You'd think that would trouble swing voters ...

Bush reigns over death of capitalism? - Atlanta Journal Constitution
Lehman Bros, the nation’s fourth largest investment bank, is teetering on the brink of failure, and Treasury Secretary Henry Paulson is reportedly trying frantically to broker deals to sell pieces of the firm to other companies before it collapses ...