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News about Mortgages:
Official: Homeless ranks rising - Martinsville BulletinAlthough Henry County and Martinsville may not have a “guy living under a bridge,” the area does have its share of homeless people, many of whom are only passing through. Salvation Army Capt. Orville Chambliss said the term “homeless” brings ...
MWR names Bliss for Martinsville - Motorsport.comCORNELIUS, N.C. (October 13, 2008) -- Michael Waltrip Racing (MWR) announces Mike Bliss will attempt to qualify and race the No. 00 Champion Mortgage Toyota Camry in the NASCAR Sprint Cup Series (NSCS) Tums QuikPak 500 at Martinsville Speedway on ...
70-80 laid off in city - Martinsville BulletinA leading builder of modular single family homes is laying off about 25 percent of its Martinsville work force, company officials said Monday. Nationwide Custom Homes, an affiliate of Texas-based Palm Harbor Homes Inc., is laying off between 70 and ...
Hillary Clinton as Mrs. Foggybottom? - Washington PostThere's increasing chatter in political circles that the Obama camp is not overly happy with the usual suspects for secretary of state these days and that the field may be expanding beyond Sen. John F. Kerry (D-Mass.) , New Mexico Gov. Bill ...
Warner vows to keep priority on Southside - Martinsville BulletinIf former governor Mark Warner is elected to the U.S. Senate on Nov. 4, he says he will continue to be an advocate for this community and this region. “There are still things a senator can do to advocate for the communities in our region. Long-term ...
Upcoming Events - PaddockTalk• Denny Hamlin earned a fifth-place finish in today’s NASCAR Sprint Cup Series (NSCS) race at Virginia’s Martinsville Speedway. • Camry drivers Brian Vickers (11th) and Michael Waltrip (18th) also finished in the top-20 Sunday afternoon ...
Charlotte II: Toyota teams race notes, quotes - Motorsport.comKyle Busch earned a fourth-place finish in tonight's NASCAR Sprint Cup Series (NSCS) race at Charlotte's Lowe's Motor Speedway. Camry drivers Tony Stewart (11th), Denny Hamlin (16th) and Brian Vickers (17th) also finished in the top-20 Saturday ...
News By You - citizenet.com“If we can win Virginia, we can win this general election,” said Democratic presidential candidate Barack Obama during a rally held in Leesburg Oct. 22. The event drew a crowd of more than 10,000, event organizers said. “I've met folks in ...
Report: Red Sox make 1-year offer to Varitek - Rotoworld.comThe Ford 200 will mark James Buescher’s first-career NASCAR Craftsman Truck Series start. Buescher has never competed at Homestead-Miami Speedway prior to this weekend. He has competed in six NASCAR Nationwide Series races, averaging a 22nd-place ...
Week in Review - Thursday, Oct 23 - Delaware OnlineSMYRNA -- Ronny Burris leaned his tall, burly frame over a cart filled with plants and smiled at the people entering his store on U.S. 13. The visitors from the Middletown-Odessa Senior Center waved at the unassuming man in the plaid shirt and jeans ...
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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