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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.
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Warren mortgage quotes news:
McCain's Annoying Little Fraud - Slate( Pierre, S.D .) McCain would like everyone to think his campaign imploded last summer because of his courageous support for the surge in Iraq : I fought for the right strategy and more troops in Iraq, when it wasn't a popular thing to do. And when ...
Obama: ‘I’m Not Going to Take Your Guns Away’ - Wall Street JournalChristopher Cooper reports from Duryea, Pa., on the presidential race. The Obama campaign talks a lot about new ideas and expanding the political map, but in the swing state of Pennsylvania, which the campaign has focused on almost exclusively since ...
St. Paul Was in Minneapolis Last Night - New York Times BlogsThat 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 ...
September August July June May April March February January 2007 - Nypress.comWell, 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 ...
How Palin Got Picked - Weekly StandardCan't get enough of Alaska Governor Sarah Palin? The Anchorage Daily News has kindly posted a photo gallery here . Was there something inconsistent in McCain's naming Governor Palin to his ticket after making much hay out of Barack Obama's not being ...
Corrections and clarifications - Milwaukee Journal SentinelAn article Wednesday about a proposed merger of Milwaukee County justice facilities incorrectly stated that the House of Correction is in County Supervisor Paul Cesarz's district. It is in Supervisor Mark Borkowski's district. An item in the Life ...
Today's most viewed articles - Portsmouth HeraldI want to personally thank the communities of Hampton, Seabrook, North Hampton, and Hampton Falls for their continued support of WHS. As voting day on March 11 approaches I am asking for your support of our budget for the school year 2008-09. Parents ...
Wild Card/Vacation Day 11 of 12 - Spokane Spokesman-ReviewOnly two more shopping days until I return to the final days of the City Council campaigns. Then, we'll have fun taking apart the campaigns. Any dirt yet? Any mudslinging. You know, the good stuff. Or is everyone behaving? My wife is now looking over ...
What's Wrong With Environmental Alarmism - SlateSeventy-five years ago this week, on July 2, 1932, Franklin D. Roosevelt accepted the Democratic nomination for president and pledged "a new deal for the American people." He promised public works, agricultural price supports, new mortgage markets ...
La Gaffe - San Francisco GateThe teflon prince Obama finally did it. Just when Bill Clinton was reminding anyone who had forgotten that his wife not just once but repeatedly claimed, falsely, to be dodging sniper fire on the tarmac, Sen. Barack Obama managed a real gaffe ...
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