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News about Mortgages:
Top 5: Fraud, foreclosures and empty offices - The Oregonian - OregonLive.comTop 5: Fraud, foreclosures and empty officesThe Oregonian - OregonLive.com, OR - Jan 5, 2009There was the disabled veteran and his wife in Linn County who borrowed on their credit cards to put $50000 into a failed Willamette Valley land deal. ...
On the trail of mortgage fraud - Seattle TimesOn the trail of mortgage fraudSeattle Times, United States - Dec 13, 2008By DON THOMPSON The Associated Press RICH PEDRONCELLI / AP US Attorney McGregor Scott, left, is seen with assistant US attorneys Courtney Linn, ...
Grounded Vulture - Willamette WeekGrounded VultureWillamette Week, OR - Dec 30, 2008In September, records show the lender on his West Linn residence gave notice of default on his $836000 mortgage and said the property would be auctioned Jan ...
County tax base up 4.4% - TMCnetCounty tax base up 4.4%TMCnet - Jan 4, 2009"We're not facing anything near what a Cedar Rapids or Linn County is facing." While much of the flood damage in Black Hawk County had been repaired of ...
Previous stories about Sunwest Management Inc. - The Oregonian - OregonLive.comPrevious stories about Sunwest Management Inc.The Oregonian - OregonLive.com, OR - Dec 31, 2008Cindy Whittington of Oregon City said she and her sister were in "panic mode" over their 90-year-old mother, who lives at a Sunwest facility in West Linn. ...
New businesses - Providence JournalNew businessesProvidence Journal, RI - Dec 24, 2008Lucas Group Partners, LLP: A: Linn F. Freedman, Nixon Peabody, LLP, One Citizens Plaza, Providence 02903. Business and government consulting services. ...
Fast Money Recap - Captain Kirk Beams out of Ford (12/29/08) - Seeking AlphaFast Money Recap - Captain Kirk Beams out of Ford (12/29/08)Seeking Alpha, NY - Dec 30, 2008Pete Najarian is seeing more options activity in Linn and adds that January 15 calls indicate the stock could rise. With declines in the Dow and the S&P, ...
Central Valley man pleads guilty in ‘cash back’ fraud scheme - Central Valley Business TimesCentral Valley man pleads guilty in ‘cash back’ fraud schemeCentral Valley Business Times, CA - Dec 22, 2008... monthly income and intent to occupy the property, according to Assistant US Attorneys Courtney Linn and Phil Ferrari, who are prosecuting the case. ...
I’m thankful for ‘amazing’ election - West Linn TidingsI’m thankful for ‘amazing’ electionWest Linn Tidings, OR - Dec 26, 2008Congratulations to those new mayors: Patti Galle of West Linn, Tim Knapp of Wilsonville, Mike Clarke of Molalla, Becky Arnold of Estacada, Jim Wright of ...
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