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News about Mortgages:
Foreclosures stay steady in '08 - Middletown JournalForeclosures stay steady in '08Middletown Journal, OH - 22 minutes agoOverall, steady numbers are good, said Middletown Board of Realtors President Reva Owens, and could signify that homeowners are finally getting the help ...
For lawmakers, 'tis the season to be greedy - The Daily Collegian OnlineThe Daily Collegian OnlineFor lawmakers, 'tis the season to be greedyThe Daily Collegian Online, PA - Dec 2, 2008Driving around the tiny, blue-collar suburb of Middletown, Ohio this Thanksgiving, I heard an ad on the radio that sums up this holiday season. ...
Union Savings Bank promotes three employees - Stamford Plus MagazineUnion Savings Bank promotes three employeesStamford Plus Magazine, CT - 6 hours agoAs a full-service financial institution, Union Savings Bank provides banking, mortgage, investment and insurance products throughout western Connecticut ...
For these seniors, home is a lottery jackpot - Asbury Park PressFor these seniors, home is a lottery jackpotAsbury Park Press, NJ - Nov 26, 2008By TERRY • GAUTHIER MUESSIG • KEYPORT BUREAU • November 26, 2008 MIDDLETOWN — If you ask Stephanie Fazzolari what it is like living in her new two-bedroom ...
COOKS WHO CARE - Asbury Park PressCOOKS WHO CAREAsbury Park Press, NJ - Nov 26, 2008The delicious aroma fills the air in her spacious Middletown home, where warm country decor and a friendly cat and dog welcome visitors. ...
County foreclosure filings are up - Middletown JournalCounty foreclosure filings are upMiddletown Journal, OH - Nov 15, 2008Middletown itself has been in a recessional cycle for several years now with "several neighborhoods you cannot go through and not see a foreclosure sign," ...
Fire sparked by lantern forever changes life for one family - Times Herald-RecordFire sparked by lantern forever changes life for one familyTimes Herald-Record, NY - Nov 23, 2008The son stood at the door to the Westchester Medical Center room that's been his father's home since a fire ravaged the Middletown home Jose shared with his ...
Commercial financing tightens - Times Herald-RecordCommercial financing tightensTimes Herald-Record, NY - Nov 17, 2008Subprime mortgage companies are turning to commercial lending, says Pat Fogarty, left, pictured with Jim Fogarty Friday at their business, ...
Dissolution of marriage - Muncie Star PressDissolution of marriageMuncie Star Press, IN - Nov 9, 2008GMAC Mortgage vs. Julie and Norman E. Davis, Charlottesville, and tenants, 521 N. Seventh St., Middletown. State vs. George E. Addison III, 36, ...
MAHONING COUNTY - Youngstown VindicatorMAHONING COUNTYYoungstown Vindicator, OH - Nov 20, 2008Debra M. Salata, 7648 Mulberry Walk, Poland, and Thomas P. Salata, 32 Ward Ave., New Middletown. Tina A. Malmfeldt , 37 Patterson Court, Austintown, ...
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