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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
Oliver mortgage loan news:
Financial News
Opposing Bailouts on Principle - Poli Gazette
Oliver Hart, professor of economics at Harvard, and Luigi Zingales, professor of finance at the Chicago Booth School of Business, say that Bush administration economists have abandoned principle in their rush to bail out financial giants AIG, among ...

Sheila Bair's Mortgage Miracle - Wall Street Journal
What do you do if you've spent your career encouraging mortgage loans to people who can't repay them? Barney Frank's answer is to grill federal officials on why they aren't preventing foreclosures. Infuriated at the difficulty of modifying mortgages ...

Bond Risk Falls as Fed Extends Emergency Loans to Ease Credit - Bloomberg
By Aaron Pan and Oliver Biggadike Dec. 3 (Bloomberg) -- The cost of protecting Asian bonds from default declined after the U.S. Federal Reserve extended the term of three emergency-loan programs in a bid to ease the global credit crisis. The ...

0.75% rate cut likely - Skynews.com
Families with mortgages could get another boost to their savings, if the Reserve Bank lowers interest rates next week. Economists overwhelmingly predict the RBA will cut rates by three quarters of a per cent, when it holds its last board meeting of ...

Official rates set to fall in December - The Australian
OFFICIAL interest rates are tipped to be slashed before Christmas as the worst global financial crisis in decades stirs fears about a possible recession in Australia next year. All 18 economists surveyed by AAP expect the Reserve Bank of Australia ...

Pre-Christmas rate cut to stir shoppers - The Age
Official interest rates are tipped to be slashed before Christmas as the worst global financial crisis in decades stirs fears about a possible recession in Australia next year. All 18 economists surveyed by AAP expect the Reserve Bank of Australia to ...

Economists Have Abandoned Principle - Wall Street Journal
This year will be remembered not just for one of the worst financial crises in American history, but also as the moment when economists abandoned their principles. There used to be a consensus that selective intervention in the economy was bad. In ...

TRUMBULL COUNTY - Vindicator
US Bank NA et al v. Travis Bachhofer, foreclosure. National City Bank et al v. Michael E. Bowser et al, foreclosure. Wells Fargo Bank NA v. Victor D. Byers et al, foreclosure. Deutsche Bank National Trust as trustee v. Anthony Cargill Sr ...

Australia Extends Biggest Rate-Cut Round Since 1991 (Update1) - Bloomberg
Dec. 2 (Bloomberg) -- Australia’s central bank cut its benchmark interest-rate by one percentage point, extending the biggest round of reductions since a recession in 1991. Governor Glenn Stevens lowered the overnight cash rate target to a six-year ...

Matter of Records November 24 - Wichita Falls Times Record News
Target Nat’l Bank vs. Barbra Delany, 5105 Rock Point, $3,073.72, V3307 P44. Midland Funding vs. Tori Richerson, 4408 McCrory, $2,085.75, V3307 P46. Target Nat’l Bank vs. Becky K. Goolsby, 1610 Fillmore, $5,106.50, V3307 P54. Union Square FCU to ...

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