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

Morgan mortgage quotes news:

HK shares erase early gains as local developers weigh - CNBC
By Jun Ebias HONG KONG, Dec 4 (Reuters) - Hong Kong shares fell 0.6 percent on Thursday, wiping out a 2 pecent gain earlier in the day, as investors dumped local developers after lenders such as HSBC raised their Hong Kong mortgage rates. But Chinese ...

Stock & fund quotes - ninemsn
NEW YORK, Nov 28 (Reuters) - U.S stocks rose on Friday on light volume in an abbreviated session, capping the best week for the S&P 500 since at least 1980, as investors hoped government and central bank moves unveiled this week would boost the ...

Hong Kong shares close higher on fresh China economic stimulus hopes ... - Forbes
HONG KONG (XFN-ASIA) - Share prices closed higher led by China stocks on speculation that Beijing will adopt as early as this weekend more measures to boost the economy, including a further reduction in interest rates and the reserve ratio ...

Open-and-Shut Case for Closed-End Bond Funds - Barron's Online
SOMETIMES, IT'S SAID the best place to find oil is on the New York Stock Exchange. Rather than explore and drill wells, oil companies can find proven reserves represented by the shares of their rivals traded on the Big Board. Some savvy bond ...

US corporate debt market shows signs of life - Forbes
NEW YORK, Dec 3 (Reuters) - A flurry of small debt sales by U.S. non-financial companies has emerged in the past two days, raising hopes that the bond market is returning to life. The past week has seen few issues outside of the financial sector ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. It is amazing what a trust fund can do. Two weeks ago, Wachovia couldn’t get arrested. It was scorned by analysts, a pain to investors and ...

Stocks fall sharply on consumer spending worries - Globe Gazette
NEW YORK (AP) — The reality that the nation is indeed in recession and that the downturn may well be prolonged sent Wall Street plunging Monday, hurtling the Dow Jones industrials down nearly 700 points and wiping out more than half of last week's ...

Hip-Hop Rumors: T.I. Gets Saved! Yung Berg Reality Show! - allhiphop.com
I am going to start the rumors off with the “Signs The World Is Coming To An End” and the “Epic Fail of the Day.” They both pertain to stupid Thankstaking Day and deaths surrounding the mayhem. Did you know that 90% of the Native Americans ...

November 2008 - Weblogs.baltimoresun.com
In an analysis of TV journalism on Wednesday night, I wrote that a red-ball event like the terrorist attacks in Mumbai often provided a great look into a news oganization. But in expressing my dismay at the way MSNBC couldn't let go of the comedic ...

EDITOR'S PICK - Marketwatch
Dollar's rapid appreciation has dark side as well as benefits Worst job losses since March 2003 predicted Investors hope the 'worst October' signals the worst is past Sony, CPSC: Computer makers recall 100,000 laptop-battery packs VeraSun files for ...