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

Grant mortgage quotes news:

The Anti-Socialist Wealth Redistributors - Reason.com
George Will on Sunday furthered his valuable recent service to the nation by giving Republicans the kind of intellectual shock therapy they'll need if they are to learn anything both useful and objectively pro-freedom from their electoral drubbing ...

If redundancy strikes, here's how to work from home - Daily Telegraph
Kerry Field and Katy, four, and Thomas, five months. 'Working this way is much more flexible,' she says Photo: JOHN LAWRENCE As economic difficulties result in more redundancies, even more people may need to find work that they can do from home. But ...

Car dealers plead for government help - Globe and Mail
K P from Newmarket, Canada writes: I look in my local paper and see photos of 14 salespeople at a local Newmarket GM Dealer. I look at that dealers lot and see it full of pick up trucks, SUVs and Vans. Why we should give money to help those ...

November 2008 - ABC News Blogs
1. Who will play a bigger role in filling out President-elect Barack Obama’s Cabinet -- Joe Biden, Bill Clinton, or Doris Kearns Goodwin ? 2. Will the Republican Party have to blow itself up to put itself back together ? (Which of those directions ...

Recently in 2010 Category - New York Daily News
How about Christine Quinn for U.S. Senate if Hillary Clinton gives up her seat to become secretary of state? Quinn, the first woman speaker of the City Council, and also the first openly gay person to hold that post, was asked earlier today if she ...

November 2 - November 9 (82) - Dakota Voice
► January 16 - January 23 (1) Bill Harlan has a piece on Page 1 of the local section of the Rapid City Journal today entitled "Is this a ‘push poll’ or a ‘message test’?" (I couldn't find it online). It's about the two " dueling polls ...

2008 (2665) - Dakota Voice
► January 16 - January 23 (1) You don't see this kind of courage in a lot of adults, much less a 6-year old. From the Atlanta Journal-Constitution and ABC News comes word of a young boy who rescued his 5-year old friend from drowning. Josiah, who ...

Fears of home grants rorting - News.com.au
HOUSE buyers are allegedly faking contracts to illegally claim the boosted first-home grant. Some dodgy real estate agents and mortgage brokers are encouraging the fraud. They are suggesting buyers change the date of existing contracts to fall after ...

Harper lines up with Bush on reform - Globe and Mail
Jim **** from Canada writes: An odd alliance. Yesterday Mr. Bush said the capitalist system wasn't to blame for the current crisis, leading to inescapable conclusion that his adminstration must be to blame then. Odd that Harper would line up with ...

SFGate: World Views - San Francisco Gate
If Democratic Senator Barack Obama becomes the next president of the United States, it is possible - or perhaps even likely? - that his administration will steer the federal government back to a policy of respecting and protecting the rule of law ...