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Scrambled nest egg? It's time for Plan B - Rocky Mountain NewsThe safety net is almost gone, the nest egg is cracking. Many Americans have recently found themselves changing retirement plans after losing a substantial amount of home equity as the housing market and the overall U.S. economy struggle. These folks ...
Go, Utes! - Salt Lake Tribunemean that the six conferences that formed the BCS get automatic berths in what passes for a national championship. The Mountain West Conference, in which the Utes play, is not one of those founding few. So, as interlopers, they represent all the ...
CapeCodToday Blog Chowder - Cape Cod TodayChef John is all you say and then some.. having shared the kitchen with him for the last 2 1/2 years, and guesting on his show.. He'll be the 1st to admit he's a salesman 1st, an actor 2nd, portraying as a Chef 3rd! He's hilarious, self deprecating ...
Corporate Britain's refinancing timebomb - Times OnlineCORPORATE BRITAIN is facing a refinancing timebomb this year as more than £50 billion of bank debt expires during the biggest credit crunch in global history. The soaring cost of capital and the paucity of available debt financing will squeeze even ...
Good riddance 2008, a year to forget - Daily TelegraphIt was the year that the unimaginable and unprecedented credit crisis led to record stock market tumbles around the globe. As corporate failures and unemployment gathered pace, the FTSE 100 crashed to a five-and-a-half year low, slumping to 3714 at ...
A roll call of some who died in 2008 - Columbus TelegramFrom the summit of Everest, the top of the world, to the intricate workings of the human heart. From outer galaxies to the dungeons of Stalin’s gulag. Sir Edmund Hillary was the first man to stand atop the world’s highest mountain. Dr. Michael ...
Stunningly terrible year on Wall Street - Rocky Mountain NewsAn employee cleans the floor of the New York Stock Exchange after Wednesday's close. The last trading day of 2008 on Wall Street provided a merciful end to an abysmal year - the worst since the Great Depression, wiping out $6.9 trillion of stock ...
Final goodbye: A roll call of some who died in ‘08 - Dickinson Press & AdvertiserFrom the summit of Everest, the top of the world, to the intricate workings of the human heart. From outer galaxies to the dungeons of Stalin’s gulag. Sir Edmund Hillary was the first man to stand atop the world’s highest mountain. Dr. Michael ...
Group plans to protest Redford's environmental views at film festival - ksl.comIt's with thanks to the likes of citizens like Mr. Redford that Utah is still a standout state for it's beauty and great places for vacation. I for one cannot allow oil to be drilled to give up state parks, breath taking mountain views, or great art ...
Up Next - CBS NewsIS IT MURDER? - With drunken driving fatalities staying constant despite all the campaigns against the crime, some prosecutors are pursuing harsher penalties against perpetrators, including long prison terms for those who caused deaths. Bob Simon ...
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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