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

Carroll home equity loans news:

Sandy Spring Bancorp Reports Second Quarter Results - MSN MoneyCentral
OLNEY, Md. , July 24 /PRNewswire-FirstCall/ -- Sandy Spring Bancorp, Inc., SASR the parent company of Sandy Spring Bank , today announced net income for the second quarter of 2008 of $5.7 million ( $.34 per diluted share) compared to $8.2 million ...

LAT Gags Blogs - Slate
Hey bloggers, There has been a little buzz surrounding John Edwards and his alleged affair. Because the only source has been the National Enquirer we have decided not to cover the rumors or salacious speculations. So I am asking you all not to blog ...

Public Notices - Columbia Star
All persons having claims against the following estates are required to deliver or mail their claims to the indicated Personal Representatives, appointed to administer these estates, and to file their claims on Form #371PC with the Probate Court of ...

Wachovia Corp. Q2 2008 Earnings Call Transcript - Seekingalpha.com
Good morning. My name is Regina and I'll be your conference operator today. At this time I would like to welcome everyone to the Wachovia Second Quarter 2008 Earnings Release conference call. All lines have been placed on mute to prevent any ...

Housing market - New York Observer
New York magazine. In what must surely be the most sweepingly devastating tragedy of the week (in terms of Park Avenue real estate), the late Brooke Astor's salivated-over $46 million duplex at 778 Park Avenue has been taken off the market for the ...

Corrections and clarifications - Milwaukee Journal Sentinel
An item Sunday in the R.S.V.P. column in the Cue section misidentified Bert Davis. He is the director of the Zoological Society of Milwaukee, not the director of the Milwaukee County Zoo. An article June 29 about works of public art in Waukesha ...

Corporate Fraud Data Base - Law.com
Last spring, as the five-year anniversary of the Corporate Fraud Task Forceapproached, The American Lawyer set out to review its record of fraudprosecution. This turned out to be a difficult undertaking. The U.S.Department of Justice, after repeated ...

CBA Says 'HIT THE BOOKS RUNNING ... The More You Know, The Less You'll ... - PR Newswire
Dog Survives Gator Attack ... LUTZ, FL (AP) -- A small dog could have been Easter ... Home in Springfield The 7 Minute Facelift North Florida ...

Iowa House OKs statewide school sales tax - Sioux City Journal
DES MOINES -- The Iowa House passed a statewide sales tax for schools Wednesday, a hotly contested measure that would replace a local option tax. The bill, approved 59-41, overcame fierce opposition from Republican leaders who said the 1-cent tax ...

Market hasn't hit bottom - Carroll County Times
Three months into 2008, the bad news about the residential real estate market keeps rolling in, but most analysts agree the bottom so many predicted last year remains elusive at best, and years away at worst. "I think we are a ways from the bottom ...