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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. View all Terms

Pierce mortgage quotes news:

Undernews: Rezko Alert - Slate
The LAT is more like Daily Kos than it wants to admit (and vice versa): The Daily Kos has banned longtime blogger Lee Stranahan for writing calm, clear-headed posts assessing the evidence in the John Edwards scandal--posts saying things like: Edwards ...

Next Stunt, Please! - Slate
And do you maybe have some change in your pocket? ... I hear jingling! I just made a deposit at my bank. For the first time ever, the teller asked me if I maybe also wanted to pay down some of the (relatively small) balance in my check-protection ...

Who Won Tuesday’s Presidential Debate? - Wall Street Journal
John McCain called for a $300 billion program to help financially troubled homeowners stay in their homes during the second presidential debate. He used the nationally televised Town Hall-style encounter with Barack Obama to unveil the government ...

October September August July June May April March February January ... - Nypress.com
Coming off their best-ever season and being ranked in the preseason polls for the first time in their history, it wouldn’t have surprised anyone if the No. 12 Rutgers Scarlet Knights came out a little overconfident versus lowly University of ...

STOCKS NEWS EUROPE-Fraport up, anti-runway coalition chances dim - Forbes
Fraport shares rise 5.2 percent as the chances for a political coalition in the state of Hesse, which could bring increased opposition to the Frankfurt airport operator's expansion plans, diminish. Heino Ruland, analyst at FrankfurtFinanz, says it is ...

STOCKS NEWS EUROPE-Greek Metka shares surge after Syria deal - Forbes
Shares in Metka, Greece's biggest power plant builder, surge after it said it won a 650 million euro ($932.4 million) contract to build a facility in Syria. Metka shares are up 12.7 percent at 13.66 euros a share in afternoon trade. 'This is a very ...

VP Debate: The Biggest Shocker - Slate
Does MSNBC (Olbermann et. al) really want Obama to win? Won't their ratings be higher in 2009 if they represent the angry opposition--as opposed to the disillusioned party in power? Just a thought. ... P.S.: This factor might cause them not to worry ...

St. Elizabeth, Mythmaker - Slate
McCain wants to fire Chris Cox as head of the Securities and Exchange Commission and appoint ... Andrew Cuomo , under whose leadership the federal Department of Housing and Urban Development damaged several New York neighborhoods when it permitted ...

Should people aspire to virginity until they are married? - Atlanta Journal Constitution
What is wrong with this picture? Three young men, ages 16, 19 and 20, commit to respect themselves and the opposite sex enough that they’ll wait until marriage to have sex - and are mocked for it on national television. When host Russell Brand of ...

Political Punch - ABC News Blogs
Jake Tapper is ABC News' Senior National Correspondent based in the network's Washington bureau. He writes about politics and popular culture and covers a range of national stories. He didn't seem to like the questions much. Whether about Gov. Sarah ...