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

Hancock mortgage quotes news:

2008 (2665) - Dakota Voice
► January 16 - January 23 (1) They both served in the Continental Congress. One was elected the second President and the other was elected the third. Once political enemies, they became close friends in later life. An awe swept America when they ...

October 2008 - Weblogs.baltimoresun.com
This just in from Constellation Energy. The company was supposed to close on a $2 billion line of credit today that would have shored up its liquidity and increased its options. But RBS Securities and UBS Loan Finance will front only up to $1.25 ...

UPDATE 1-U.S. pending home sales fall, tight credit bites - Forbes
WASHINGTON, Nov 7 (Reuters) - Pending sales of existing U.S. homes fell in September, reversing the previous month's gains, as access to credit tightened, a private report showed on Friday, adding more gloom to the broader economic outlook. The ...

Economic echoes: Utah home prices slip to 2006 levels - Salt Lake Tribune
Consider it a two-year rollback in home prices. New data out Tuesday show that declining sales along the Wasatch Front pushed the median selling price of single-family homes in Salt Lake County down 4 percent, to $243,000, in the third quarter ...

State makes millions available in flood aid - Globe Gazette
DES MOINES — A state program designed to help Iowa recover from disasters in recent months will set aside more than $4.7 million in housing aid and more than $720,000 in help for small businesses in Cerro Gordo County and surrounding areas, Iowa ...

Redfin CEO: Los Angeles home prices may be near bottom - Los Angeles Times Blogs
Glenn Kelman, chief executive of the online real estate brokerage Redfin, met with me Friday and spoke frankly about price and sales declines in some of the real estate markets his company serves across the country. Lately, Kelman said, Los Angeles ...

In prime time, a final introduction for Obama - Knoxville News Sentinel
WASHINGTON -- He was the family man, the solutions-driven politician, the gifted orator. But for those who still harbor doubts about his candidacy, Barack Obama sought to present a special image — a man ready to sit in the Oval Office. Amid a ...

George's Bottom Line - ABC News Blogs
It was all designed to get voters comfortable with the idea of Barack Obama in the Oval Office, that he is embedded in the lives of average Americans, and knows exactly what they're going through. Obama even appeared in a facsimile of the White House ...

Political Punch - ABC News Blogs
Jake Tapper is ABC News' Senior National Correspondent based in the network's Washington bureau. He writes about politics and popular culture and covers a range of national stories. “you folks, Republicans,... LOST the election... “Your starting ...

The Editor's Inbox - Globe Gazette
These are historically difficult economic times for citizens across the country, state and communities including many Mason City citizens and businesses. It is not a time for financial risks with thousands of fellow Iowans who are not only ...