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

Murray mortgage quotes news:

September August July June May April March February January 2007 - Nypress.com
Well, it’s official: Rupert Murdoch (illustrated here in an episode of "The Simpsons") is the reigning king of corporate media and nothing sacred is safe from his grasp. According to The Wall Street Journal , News Corp has now secured enough votes ...

St. Paul Was in Minneapolis Last Night - New York Times Blogs
That was a line spoken yesterday by Doug Wead at a political convention in Minnesota. The first “St. Paul” he mentioned was the city where the G.O.P. is holding its convention; the second one is Ron Paul , leader of the “constitutionalists ...

25 reasons why Alex should drop local income tax - Scotsman
Local income tax (LIT) will leave a £750 million financial black hole in Scotland. Others have suggested it could be as high as £1.3 billion. 25 reasons ??? I noticed there were no quotes from pensioners or from 'hard working' families who will ...

Beautiful Miss Idaho in LCHS Parade - Spokane Spokesman-Review
How about a photo of Coeur d'Alene's newest Sweetheart to end the week? Miss Teen Idaho, Estrella Atkinson , a senior at Lake City High School, along rain soaked Sherman Avenue, Friday afternoon during the Lake City High School Homecoming Parade ...

Wild Card -- Tuesday PM - Spokane Spokesman-Review
It's nice to interact with you folks again after a long weekend off. Gotta play to see tonight, but I look forward to reading your comments before I hit the sack tonight. You know the Wild Card drill by now ... Issue : Washington Post confirms 'Deep ...

January 2007 Archives - Daily Blabber
Earlier this morning I told you about Jennifer Aniston's interview with People in which she talked about her most recent nose job . Or, as she likes to call it, necessary corrective surgery. Whatever gets her through the night. Now more than ever, it ...

School Board fires Ray Baker - Naples Daily News
An emotional Linda Abbott proved to be the crux over whether or not Collier County Public Schools Superintendent Ray Baker would keep his job. In the end, she decided the school district was better without Baker. The board voted 3 to 2 Tuesday ...

Handshake ‘disrespect by Boruc’ - Sunday Herald
NACHO NOVO last night accused Artur Boruc of displaying a lack of respect to football after the Polish goalkeeper declined the offer of a handshake from Barry Ferguson, David Weir and Lee McCulloch at the final whistle of yesterday's Old Firm game ...

Stock & fund quotes - ninemsn
No one wants to consider the possibility that something bad will happen to them – but let’s face it, bad things do happen. And while you can hope it won’t happen to you it’s best to be prepared just in case. There are two main issues you need ...

Salmond faces another onslaught over Trump affair - Herald
Alex Salmond faced fresh attacks over his handling of Donald Trump's £1bn golf resort plans yesterday, with Labour accusing him of bowing down to wealthy investors. Labour claimed that Mr Salmond acted at the behest of the billionaire during the ...