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

Carroll home equity loans news:

New businesses - Providence Journal
BANAI ENTERPRISES LLC: A: Tawab Banai, 287 Armistice Blvd., Pawtucket 02861. Subway restaurant. October 24 Sayer, Regan, Thayer & Flanagan, LLP: P: Richard N. Sayer, 617 Paradise Ave., Middletown 02842. Law practice. Mastech, Inc.: P: Steven J ...

Oliver Haydock - New York Observer
“People aren’t going to stop living, and dining out is one of the most therapeutic things people can do,” said Tracy Nieporent, marketing director and partner in the Myriad Restaurant Group, which owns Tribeca Grill, Nobu and other pricey ...

Items pertaining to Stevens Square neighborhood - Southwest Journal
+ Nov. 30, 2:27 p.m., W. 60th St. and Xerxes Ave. Two unknown suspects assaulted a 20-year-old man and a second person. The two suspects assaulted the victims with an aluminum bat while two other suspects sat in a vehicle watching. All suspects fled ...

Wheego Whips Up A $19K EV - Wired
If you're eager to get your hands on an EV but don't have the money for a Tesla or Mini-E , the time to wait for a Mitsubishi iMiEV or the smarts to build your own , the guys at Ruff & Tuff Electric Vehicles may have just the ticket - an electric car ...

November 2008 - Weekly Standard
The terror assault on Mumbai is in its second day as Indian security forces struggle to regain control of the capital and clear the remaining terrorists from two hotels and a residential complex. Hundreds of Indian Naval and National Security Guards ...

CARROLL: A mortgaged future - Rocky Mountain News
Paul Anthony Baker is Exhibit A for why many people have mixed feelings about a broad federal bailout of those at risk of losing their homes. He's an Aurora-based mortgage broker - or was, until he agreed to surrender his license - who was co-owner ...

Fish-ical advocation - Independent Record
Lots of businesses start out as hobbies, something that entrepreneurs enjoy on the side before trying to turn the hobby into a source of income. That’s the case for Bob Kabajecz. An architectural designer by trade and owner of Quick Draw, Kabajecz ...

Income tax cut: what do you think? - Boston Globe
Towns, cities and state agencies are facing cutbacks. The stock market is fluctuating dramatically. Voters are uncertain. What will that do to the prospects for an income tax cut on the November ballot? Carla Howell, the chief proponent of the tax ...

The 50 Women to Watch 2008 - Wall Street Journal
One day this past April, Federal Deposit Insurance Corp. Chairman Sheila Bair saw a stark reminder of the human side of the foreclosure crisis. Attending a foreclosure-prevention workshop in Los Angeles, she saw hundreds of homeowners of all ...

Jay Bookman - Atlanta Journal Constitution
The entry titled "Obama swinging for the fences?," and any of the comments about it. Barack Obama has purchased a half-hour of airtime on CBS, sources confirm. “The Obama campaign will air a half-hour primetime special on Wednesday, Oct. 29, at 8 p ...