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Mt. Holly Gardens relocation efforts deemed inadequate - Philadelphia InquirerMt. Holly Gardens relocation efforts deemed inadequatePhiladelphia Inquirer, PA - Nov 18, 2008By Maya Rao TRENTON - Mount Holly's efforts to relocate residents of a low-income neighborhood set for demolition and redevelopment have been inadequate, ...Mt Holly Gardens Residents Face Losing Their Homes CBS 3all 5 news articles
Editorial: Mount Holly Gardens - Philadelphia InquirerEditorial: Mount Holly GardensPhiladelphia Inquirer, PA - Nov 21, 2008Many residents were retired, without enough income to obtain a new mortgage. "Even when the government pays more than its legal obligation, as Mount Holly ...
Local jobless rate jumps - Gaston GazetteLocal jobless rate jumpsGaston Gazette, NC - Dec 2, 2008Freightliner laid off more than 550 workers from plants in Gastonia and Mount Holly on Oct. 31. And companies across all sectors of the economy shed ...
FEMA inconsistent on flooding locations - Carlisle SentinelFEMA inconsistent on flooding locationsCarlisle Sentinel, PA - Nov 26, 2008As The Sentinel reported Sunday, FEMA’s maps list Mt Holly Springs as the most flood-prone community in the county. “There is something very wrong with this ...
Automakers Say They Need Funding Now - Contrarian ProfitsAutomakers Say They Need Funding NowContrarian Profits, Argentina - 16 hours agoOh by gosh, by golly, it’s time for mistletoe and holly, and some straight talk about Treasuries. Everyone and their brother is buying Treasuries, ...
Long wish list for Empty Stocking - Cherry Hill Courier PostLong wish list for Empty StockingCherry Hill Courier Post, NJ - Nov 30, 2008... help during the holidays," said Gabrielle Rodriguez, community development office for the Family Service Behavioral Health and Wellness in Mount Holly. ...
Winning words: Daughter, mom write about relationship - CharlotteObserver.comWinning words: Daughter, mom write about relationshipCharlotteObserver.com, NC - Nov 22, 2008Early on Saturday mornings, when the rest of the family sleeps in, they slip out of their Mount Holly home and play tennis. Late at night, Jamie Hamic, 35, ...
Area helping agencies seeing rise in need for services - Gaston GazetteArea helping agencies seeing rise in need for servicesGaston Gazette, NC - Nov 28, 2008... we're seeing new people that have never had to ask for help before," said Peggy Putnam, case worker at the Community Relief Organization in Mount Holly. ...
Phila. food banks meet needs, but worry still - Philadelphia InquirerPhila. food banks meet needs, but worry stillPhiladelphia Inquirer, PA - Nov 26, 2008... Henry The intercom buzzed regularly on Pamela Collins' desk Monday at Family Service, a nonprofit behavioral health and wellness agency in Mount Holly. ...
Neighbors criticize apartment proposal - The TennesseanNeighbors criticize apartment proposalThe Tennessean, TN - Nov 12, 2008By Deborah Highland • WILSON AM • November 12, 2008 MT. JULIET — With rising home prices here coupled with trouble in the credit and mortgage markets, ...
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.
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