Dayton Mortgage Rates and Information Online from competing Lenders

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State Attorney General: Outside lawyers should not have been hired - Wbt.com
Attorney General Roy Cooper's office says that the state treasurer's office violated North Carolina law by hiring outside attorneys to advocate as part of a class-action lawsuit against mortgage giant Freddie Mac. A spokeswoman for State Treasurer ...

Bank puts hold on sale of Veillette house - Dayton Daily News
MASON — Contractors have erased the scorched facade and boarded up windows on the Mason home that was the scene of a quintuple murder early this year, but the two-story still is not ready for the auction block. The house was set to be sold at a ...

Potential cost of bailouts, rescues, etc. approaching $7 trillion - Dayton Daily News
WASHINGTON — The federal government has now committed nearly $7 trillion to contain the financial crisis, including funds to guarantee certain corporate assets and debts, although those funds may never actually be spent. Announced Tuesday were ...

First American CoreLogic Releases Fourth Quarter 2008 Core Mortgage ... - Marketwatch
, , ) family of companies, America's largest provider of advanced property and ownership information, analytics and services, today released the latest issue of its Core Mortgage Risk Monitor (CMRM). The CMRM forecasts delinquency risk for the real ...

Real Estate Roundup - Chattanooga Times Free Press
Best Realty GMAC has opened a new office in Chattanooga. The Dayton, Tenn.-based real estate firm now has an office at 5959 Shallowford Road, Suite 539, at the intersection with Highway 153. Best Realty’s office is having a grand opening Thursday ...

Home Value Highwire - WTOP Radio
WASHINGTON - If you want to buy in today's housing market, you may not be able to seal the deal or get a loan, unless you have cash and good credit. You need cash to close the deal. The days of zero-down are gone. That's the new reality of the ...

CONSUMER FOCUS:Marital and monetary bliss - Buffalo News
Cheap is the new chic.” That’s what a character from the “Ugly Betty” sitcom said recently during a party-planning scene. That’s right. Frugal is fashionable, no longer a dirty word. And that applies to weddings, too, which can spike into ...

More Top Stories » - Yahoo News
CHICAGO - President-elect Barack Obama will keep Defense Secretary Robert Gates in that job for at least a year, according to an official familiar the two men's discussions. MIAMI - A judge on Tuesday ruled that a strict Florida law that blocks gay ...

Here comes... the (frugal) bride - Buffalo News
Cheap is the new chic.” That’s what a character from the “Ugly Betty” sitcom said recently during a party-planning scene. That’s right. Frugal is fashionable, no longer a dirty word. And that applies to weddings, too, which can spike into ...

Record budget has little tax bite - Times-Herald
LITTLE VALLEY – A record $203,895,790 Cattaraugus County budget for 2009 was unanimously adopted without comment Tuesday by county lawmakers. That is an increase of almost $9 million over the current county budget. The budget carries a $44,788 ...

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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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