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IN BRIEF: News around Downriver - News-HeraldThe Detroit Zoo will be open from 10 a.m. to 4 p.m. daily through March 31, though it’ll be closed on Christmas and New Year’s Day. Winter visitors often find that when the temperature drops, many of the animals become more active outdoors. There ...
Making a sound investment - Monroe Evening NewsMore local families could become homeowners thanks to the efforts of a local nonprofit group and a Monroe-based bank. Recently, Monroe Bank & Trust bought six individual mortgage loans for $473,000 from Habitat for Humanity of Monroe County. Habitat ...
Niagara County Real Estate Transactions - Buffalo News• Lockport-Junction Road, Marjorie S. Nelson to County of Niagara, $180,000. • Thrall Road, Marilyn Rockwood; Robert E. Rockwood to Joseph Critelli, $45,000. • East Ave. & Howard, Jimmy Chebat; Amy Chebat to Robert A. Pauly; Dylan A. Pauly ...
Pass the turkey - Daily American OnlineAt 11:45 a.m., the yams were the first to go. “We are about out,” said a volunteer in the St. Paul’s United Church of Christ Somerset kitchen. Between 11 a.m. and 2 p.m. five turkeys, 24 pounds of green beans and 150 pounds of potatoes were ...
The jockey's lament: You win some, you lose some - Bombala TimesYOU couldn't help but feel for Steven King. The one-time leader of the jockeys' room in Melbourne produced a gem of a ride on Gai Waterhouse's galloper Rockwood in Saturday's Toorak Handicap only to be gunned down by Craig Newitt's mount Alamosa ...
BRIEFLY: News around Downriver - News-HeraldWith winter weather here, AAA Michigan is seeking donations of coats, hats, gloves, scarves and blankets at its Southgate branch, 15150 Fort St., from Monday through Dec. 12. Donated items will be delivered to a local charity for distribution to ...
Home Builders Association says ‘Help!’ - Portland TribuneStruggling homebuilders are looking for a lifeline from local governments, asking for flexibility on rules and fees to help them get back to building. In a letter sent to cities and counties, the Home Builders Association of Metropolitan Portland ...
Matter of Record, November 10 - Wichita Falls Times Record NewsBobby Sanders vs. James Prince, 1605 Pearlie Dr., $1,150.00, V3303 P56. SafeMark Systems LP vs. Everest Enterprises Inc./Comfort Inn & Suites Wichita Falls/Travelodge, 1740 Maurine, $17,016.46, V3303 P444. SafeMark Systems LP vs. Everest Enterprises ...
Knives come out for Sarah Palin - Globe and MailOh BOY. The truth comes out!! The left, disliked John McCain, but the simply hate Sarah Palin. And they see what she may be capable of in 2012. I don't think the left killed her. I think with Obama's inevitable four years of failure superimposed on ...
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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