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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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Georgetown mortgage quotes news:
The upside of "zero privacy" - Reason.comIf you haven't noticed it already, flip back a few pages and take a good look at the front cover . Unless you picked this magazine up on a newsstand, you should see your neighborhood's grinning mug shot, exposed in all its glory from above. Depending ...
Sound off on Vazquez deal - Atlanta Journal ConstitutionThe entry titled "Hampton is gone, while Peavy is ...," and any of the comments about it. Come back … no, good riddance … Please stay, we need you … no, please just go. Does that pretty much summarize the polarizing presence that was Mike ...
Alabama son Peavy to pitch for Braves? It's possible - Atlanta Journal ConstitutionThe entry titled "Alabama son Peavy to pitch for Braves? It's possible," and any of the comments about it. He’s 27 years old, was a unanimous winner of the 2007 NL Cy Young Award, has averaged 192 innings and 194 strikeouts in six full seasons in ...
Conned again - Online JournalIf the change President-elect Obama has promised includes a halt to America’s wars of aggression and an end to the rip-off of taxpayers by powerful financial interests, what explains Obama’s choice of foreign and economic policy advisors? Indeed ...
Fleecing What’s Left of the Treasury - Common DreamsThe lobbyists and corporate lawyers, the heads of financial firms and the crooks who control Wall Street, all those who spent the last three decades assuring us that government was part of the problem and should get out of the way, are now busy ...
Today in the Sky • - USA Today BlogsIt's Black Friday -- the day when many stores allegedly move "into the black" for the year and Christmas shoppers traditionally appear in thundering herds. " If you're reading this at your normal wakeup time, you have already missed midnight openings ...
Election 2008 - Weekly StandardBill Sammon's sources tell him Steele may announce as soon as Thursday , and is courting the endorsement of Newt Gingrich, which if landed, would do much to scare off the incumbent and possible challengers: The source also contradicted a report in ...
Do you want socialism? - Northwest HeraldDo you want a socialist state? If not, I urge you, your family, and friends to vote for Sen. John McCain and Gov. Sarah Palin. Now it is clear to me that Obama’s real agenda is socialism. His tax credits for folks paying no taxes are in essence the ...
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