Boynton Beach Mortgage Rates and Information Online from competing Lenders
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News about Mortgages:
November 2008 - Palm Beach InteractiveThe best online computer sites will take a used computer, fix it up with some new parts, and sell it as “refurbished”. These are often excellent deals, and good quality if you go to a reputable buyer. Plus, companies like Apple and Dell have a ...
Foreclosure lawsuit targets three industrial properties - South Florida Business JournalA lawsuit by Carolina First Bank seeks foreclosure against a furniture manufacturer that held three industrial properties in Broward and Palm Beach counties. The notice of foreclosure was filed Oct. 30 in Palm Beach County Circuit Court against ...
South Florida Foreclosures Up Over 325% From October 2007 - All Headline NewsMt. Pleasant, PA (AHN) - Pre Foreclosure statistical analysis company Default Research says South Florida foreclosures are up 325 percent from October 2007, with Miami-Dade County leading. However, there was a bright side to the news, in that the ...
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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