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Once hailed as lifesaver, Richard LaChina's world starts to crumble - Big Bear GrizzlyThree years ago, he was a hot-shot entrepreneur, ahead of his time for his young years. Today Richard LaChina is facing at least three lawsuits and foreclosures. LaChina was 31 years old when he purchased The Club at Big Bear Village in January 2005 ...
Housing and Urban Planning - Chicago TribuneThere are an awful lot of unhappy homeowners out there these days, but Aaron Mays isn't among them. The 23-year-old Chicagoan is an almost giddy new homeowner, having just celebrated his first holidays in a new one-bedroom condominium near Lake...
2008 foretells what's to come in CNY in 2009 - Syracuse Post-StandardThe economy affected everyone's pocket, including business and local government. The death of an 11-year-old caused outrage. And a smoldering fight over cigarette taxes escalated. In 2008, they were among the stories that made headlines. In 2009 ...
Entries for January 2009 - US News and World ReportOur wish has come true. We all wished that 2008 would end, expecting that 2009 has to be a better year. I am rooting for a better year this year than last, but there is still a long list of what could go wrong. Let’s start with what could go right ...
Newly elected official sets out to address the budget - Villages Daily SunTHE VILLAGES — Marlene O’Toole has a list of issues she hopes to address as an incoming member of the Florida House of Representatives, but she’ll have to bully an obese state budget before she can advance her agenda. “The No. 1 thing right ...
Matter of Record, January 5 - Wichita Falls Times Record NewsState Farm Mutual Automobile Insurance Co. vs. Joshua Eric Melton, 4118 Palomino, $4,616.49, V3317 P802. County of Williamson vs. Travis A. Holland, et al, 1419 N. 7th, $2,025.29, V3318 P20. Gant, Kenneth Adrian, Wichita County, Chapter 7, Date Filed ...
Irkutsk Region - KommersantIrkutsk Region is located in the southern part of Eastern Siberia in the upper basins of the Lower (Nizhnyaya) Tunguska, Angara, and Lena rivers. Lake Baikal is located in the southeastern part of the region. Irkutsk Region has a total area of 775 ...
Landscape changes likely to continue in '09 - Baxter BulletinResidents of the Twin Lakes Area will likely continue to see the landscape change in 2009 as investors continued to put money and material into large commercial and public properties here in 2008 despite tough economic times that froze streams of ...
Update: Power restored in Shorewood, on east side - Milwaukee Journal SentinelJan. 2, 2009 9:40 p.m. | Power has been restored to about 3,700 We Energies customers in Milwaukee and Shorewood affected by a power failure reported about 5 p.m. today, according to Barry McNulty, a spokesman for the utility. All power was restored ...
Four rescued in early morning Milwaukee fire - Milwaukee Journal SentinelJan. 3, 2009 10:58 a.m. | Four people were removed from a burning apartment building by firefighters climbing ladders early this morning, according to Deputy Chief Jerry Dillard of the Milwaukee Fire Department. None of those assisted from the three ...
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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