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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:

Firstwatch: What's ahead in the news today - Milwaukee Journal Sentinel
Nov. 25, 2008 | A 29-year-old Milwaukee man who was killed in a crash in West Allis this morning has been identified by the Milwaukee County medical examiner's office as Michael W. Cook. West Allis authorities were investigating whether ice might ...

State bank profits plummet - Milwaukee Journal Sentinel
Nov. 25, 2008 10:30 a.m. | One of every six Wisconsin banks posted a loss in the third quarter, figures released Tuesday by regulators show. Although that's better than banks nationally - nearly one in four in the U.S. didn't make a profit in the ...

UPDATE 2-UK lenders pass on UK 1.5 pct rate cut - Forbes
LONDON, Nov 7 (Reuters) - Five major British lenders passed on the Bank of England's 1.5 percentage point rate cut to their variable rate mortgage customers on Friday after the government urged them to keep lending to help stave off a recession. HBOS ...

No evidence found in Door County cold case - Milwaukee Journal Sentinel
Nov. 11, 2008 | A cold case team digging into the decades-old death of Carol Jean Pierce headed back to Wisconsin Tuesday without finding her body or evidence that she was buried on the Cheboygan, Mich., property that was searched on Monday ...

Enough postseason, let's get to Peavy - Atlanta Journal Constitution
The entry titled "Enough postseason, let's get to Peavy," and any of the comments about it. So I’m getting the distinct impression that most of you on the Braves/MIB blog would like to be done already with this postseason so we can get on to ...

Oshkosh breaks ground for China plant - Milwaukee Journal Sentinel
The plant will be the first China-based manufacturing facility for the company and will produce aerial work platforms. Oshkosh manufactures in 11 countries and has additional service operations in 16 countries. The company is a leading designer ...

Barr vs. McCain (I) - Nolanchart.com
The McCain campaign is doing its best to keep Bob Barr out of the news. But Barr has found an innovative way to fight back. As Election Day nears, third parties are dropping in the polls, as usual in a U.S. presidential election. Various theories ...

Category: Global - Lincoln Journal Star
Keeping up with the Joneses getting pricier all the time -- at least when it comes to furnishing students with laptops. Almost 500 Westside Middle School students received their free laptops this week. Yep. they were Macs, of course. (Macs apparently ...

George's Bottom Line - ABC News Blogs
The conviction of Alaska Republican Sen. Ted Stevens makes the possibility of Democrats getting a 60-vote filibuster-proof majority in the Senate more plausible than ever. Stevens, convicted on seven federal charges of false statements and financial ...

Looking ahead - USA Today Blogs
• President-elect Obama holds another press conference, his third this week. This one is about the economy. • President Bush issues another pardon. This one is a real turkey . • Lots of economic news: the weekly updates on unemployment and ...