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

Tyler mortgage quotes news:

November 2008 - Weblogs.baltimoresun.com
Reader Dave sends this nice letter to Obama's change.gov Web site, a propos of Saturday's column on layoffs. Dear President-elect Obama, Normally, I do not comment or send letters to elected officials, but since we are all looking for positive change ...

Homeowners' new reality: You're suddenly poorer - Globe and Mail
Adil Burney from Canada writes: For 2009, CREA is delusional. Suppose we end December 2008 at -9% YoY. To end up a -2% for the full year 2009, we would probably have to bottom in December 2008 and then get to a around 7% by late 2009. CREA is talking ...

O'Brien's blog - Atlanta Journal Constitution
The entry titled "Which Braves prospects are untouchable?," and any of the comments about it. Philadelphia — I’m in chilly Philly and Braves officials are not. But neither are officials from most other teams, save for the participating Phillies ...

Braves still shopping for a Big Dog - Atlanta Journal Constitution
The entry titled "Braves still shopping for a Big Dog," and any of the comments about it. The leaves are off the big ol’ oak tree I’m looking at in my front yard. Thanksgiving is just a week away. And the Braves haven’t filled any of their ...

McCain slams Obama on 'redistribution of wealth' - Boston Globe
Conservative bloggers and websites have been flogging it, and now John McCain's campaign has put its imprimatur on it: a newly disclosed radio interview in which Democratic rival Barack Obama talks about the redistribution of wealth. The interview ...

Immigrants face growing economic mobility gap - Globe and Mail
A TK from Canada writes: The decrease in performance of some groups compared to their success rates upon arrival shows that, to me, ethnicity matters less than community. Bravo to those people who arrive, work hard, and build successful futures for ...

Political Punch - ABC News Blogs
Jake Tapper is ABC News' Senior White House Correspondent based in the network's Washington bureau. He writes about politics and popular culture and covers a range of national stories. “you folks, Republicans,... LOST the election... “Your ...

McCain calls Obama and Democrats 'dangerous' - Cleveland Plain Dealer Blog
CLEVELAND - Sen. John McCain, on Monday, labeled his presidential rival Sen. Barack Obama and Democratic congressional leaders as "dangerous" to the economy because of expected substantial spending and tax increases. McCain's comments followed a ...

A Chronicle of Despair, A Promise of Change - Nation
Before he dismissed it as a "gauzy, feel-good commercial," John McCain really should have watched the thirty-minute television program that Barack Obama's campaign aired Wednesday night. There was nothing particularly "gauzy" about the image of an ...

ELECTION: The Obama Delusion - Coeur d'Alene Press
It's saddening and maddening to see so many Americans willing to elect a man who, more than any presidential candidate in history, stands for a complete reversal of the incomparable American values of self-responsibility and individualism. The media ...