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News about Mortgages:
Fame and fortune: Caprice Bourret - Times OnlineTimes OnlineFame and fortune: Caprice BourretTimes Online, UK - 15 hours agoBourret, 36, lives with her boyfriend in Notting Hill, west London. How much money do you have in your wallet? I have £75. There are also a few dollars, ...
Sydney's transport crisis: build railways, not roads - Green Left WeeklySydney's transport crisis: build railways, not roadsGreen Left Weekly, Australia - 10 hours agoJago Dodson and Neil Sipe, in their study Unsettling Suburbia: The New Landscape of Oil and Mortgage Vulnerability in Australian Cities, released through ...
Property transfers - Augusta ChronicleProperty transfersAugusta Chronicle, GA - 8 hours ago... Block 19, National Hills , $129400 Frances R. Smothers and Frances R. Spivey to Joshua R. Bradley and Jennifer L. Bradley, 2003 Summer Valley Way, ...
Credit crunch squeezing Central Texas homebuilders - Austin American-StatesmanCredit crunch squeezing Central Texas homebuildersAustin American-Statesman, TX - 10 hours agoMortgage money remains tight, with some lenders requiring up to 20 percent down — a sharp contrast to the zero-down loans that proliferated just two years ...
36 Hours: New York City - New York TimesNew York Times36 Hours: New York CityNew York Times, United States - Oct 9, 2008Yes, there are worries about 401(k)s and mortgage payments — and perhaps a second thought about spending time in clubs with $300 bottle service — but there ...
The Last Word On The CRA: An Interview With Ron Grzywinski - Progress IllinoisProgress IllinoisThe Last Word On The CRA: An Interview With Ron GrzywinskiProgress Illinois, IL - Oct 9, 2008In 1976, Grzywinski proposed the idea for the CRA and later became the only banker to testify on Capitol Hill in favor of the legislation, drawing criticism ...
JP home prices stay steady (Real Estate Today) - Jamaica Plain GazetteJP home prices stay steady (Real Estate Today)Jamaica Plain Gazette, MA - Oct 10, 2008Maureen McElroy, owner of Jamaica Hill Realty, said owners in JP are also financially stable enough right now that they don’t have to take a hit. ...
Bank Writeoffs May Rise, Bond Spreads Fall on TARP (Update3) - BloombergBank Writeoffs May Rise, Bond Spreads Fall on TARP (Update3)Bloomberg - Oct 6, 2008By Jody Shenn and Caroline Salas Oct. 6 (Bloomberg) -- The US Treasury's $700 billion plan to rescue the nation's banks from the subprime mortgage debacle ...
· Public records for Oct. 7, 2008 - Daytona Beach News-Journal· Public records for Oct. 7, 2008Daytona Beach News-Journal, FL - Oct 7, 2008Tower Hill Prime Insurance Co., in excess of $15000; Litton Loan Servicing LP v. Charles Bernstein, real property; Indymac Federal Bank FSB v. ...
Capitol Hill gets "F" in economics - Seattle TimesCapitol Hill gets "F" in economicsSeattle Times, United States - Oct 5, 2008Wall Street was fixated on Capitol Hill last week, tracking the prospects for a bailout plan to cleanse banks' balance sheets of troubled mortgage-backed ...
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