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Tumbling TSX nothing to 'panic' about - Ottawa SunTORONTO — A move away from commodities has sent the Toronto stock market tumbling, pushed down by a retreat from oil and mining stocks and jitters about the health of the global economy. “We’re marching toward a global slowdown and investors ...
OK sought for transfer of Boesen assets - Des Moines RegisterAdministrators for Ed Boesen's estate took the first formal steps Tuesday to dismantle the late Des Moines businessman's multistate financial enterprise. James Monroe, a Des Moines lawyer and co-administrator of the Boesen estate, asked District ...
Innovation Group Extends American Modern Partnership - PR Inside- Innovation Group (LSE:TIG), a global provider of enterprise software and BPO solutions to the property and casualty insurance industry, announces they have finalized an application support and maintenance contract with American Modern Insurance ...
Grits, Tories trade shots as recession looms - Edmonton SunPolitical rivals set the stage for a feisty election fight over the country's finances, each staking claim as the best money manager as Canada's economy teeters on the brink of a recession. Liberal Leader Stephane Dion accused the Harper government ...
Bank ordered to undergo changes - TelegraphALTON - A local bank and all of its branches are undergoing management changes in the wake of a cease and desist business order from state and federal regulators. The changes at Meridian Bank began in May, long before the order came down July 15 from ...
CBJ: Property Transfers & Building Permits - Daily Progressl Rees, Henry E to Wang, Deng Fang, parcel in the Meadows subdivision, described by plat, $310,000. l Murrah, Joshua A to Jaspen, Andrew, lot 3 block B Carterton subdivision, $329,000. l Seuffert, Lynn P to Johnson, Stephen P., parcel on Goodman ...
Unstoppable Obama - Common DreamsWhen did you begin to think that Obama might be unstoppable? Was it when your grown feminist daughter started weeping inconsolably over his defeat in New Hampshire? Or was it when he triumphed in Virginia, a state still littered with Confederate ...
Top Stories (Complete List, up to 1000 Stories) - 9&10 News8/27/2008 - Tanker Plows Into Two Trucks, Causing Extensive Damage. 8/27/2008 - Bad Accident at Busy Intersection in Big Rapids 8/27/2008 - Driver Hits Pedestrian in Leelanau County; Alcohol May be a Factor 8/26/2008 - State Slips In Poverty Rankings ...
INDUSTRY NEWS & PEOPLE January 2008 - Business Travel ExecutiveThe Association of Corporate Travel Executives (ACTE) has added two new members to its international team: Ronald Kosmahl, director of global education and research, and Kathleen Brannigan, senior director of global communications. Prior to joining ...
Turning Stay-at-Home Skills Into Career-Track Assets - Wall Street Journal(See Corrections & Amplifications item below .) When Elizabeth Montanez decided to return to work after 12 years at home with her four children, she faced a problem: Her resume ended at 1994. Although the Fairfield, Conn., mother had been busy ...

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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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