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News about Mortgages:
Business Briefs - Hudson Star ObserverBusiness BriefsHudson Star Observer, WI - Sep 25, 2008The opening will include the works of artists Patrick Casanova, Joe Christensen, Thomas and Rebecca Maras and Jude Ryan Reiling. ...
Pro Products has Faith and wins in No. Smithfield youth soccer - Valley BreezePro Products has Faith and wins in No. Smithfield youth soccerValley Breeze, RI - Sep 25, 2008Megan Whalen scored for Stanley, and Julian Casanova for Beauchemin. Michael Fernandes scored all five of his team's goals as Chelo's posted a 5-3 win over ...
New faces, new places - Milwaukee Journal SentinelNew faces, new placesMilwaukee Journal Sentinel, WI - Sep 28, 2008Quality Catering for Kids, Elm Grove, hired Tracy Casanova as sales and marketing manager. Shorewest, Wauwatosa, hired Jan Baldry as assistant manager of ...
Garrison Keillor: Where are the cops? - Minneapolis Star TribuneGarrison Keillor: Where are the cops?Minneapolis Star Tribune, MN - Sep 23, 2008This is like Casanova coming out for chastity. Confident men took leave of common sense and bet on the idea of perpetual profit in the real estate market ...
TV movies for the week of Oct. 5 - Pittsburgh Post GazetteTV movies for the week of Oct. 5Pittsburgh Post Gazette, PA - Oct 4, 2008A late-night radio host and self-described Casanova searches for a lost love when he receives an unsigned letter boasting of her wealth. ...
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