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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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Upton mortgage quotes news:
Bradley’s Buzz: T(otal) B(lackout) S(aturday) - Atlanta Journal ConstitutionThe folks at TBS are taking a pelting. The network pulled one of the all-time whiffs by losing the broadcast of the first 20 minutes of Saturday night’s ALCS Game 6. Deadspin called it an epic failure , and AwfulAnnouncing.com wondered why baseball ...
O'Brien's blog - Atlanta Journal ConstitutionThe 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 ...
The Spaceballs Gossip - Football365.comA player being on someone's radar is one of our favourite bits of tabloid talk imagery, mainly because it makes us think of this . It's right up there with the idea of a manager crouching by a big locked box full of gold when we hear about transfer ...
America Needs A New New Deal - Common DreamsThe Bush administration has proposed the most expensive government spending plan in American history, allocating as much as $700 billion to a Wall Street bailout. The proposal was attacked by members of both parties, who immediately began ...
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