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Two men shot at mall near Seattle - CNN(CNN) -- Two men were in serious condition Saturday evening after shootings at a shopping center in Tukwila, Washington, authorities said. The men who were shot were taken from the Westfield Southcenter on stretchers and placed in ambulances. Two ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Great financial slapfights in history: Aaron Burr and Alexander Hamilton. J.P. Morgan and William Jennings Bryan . And now, AIG CEO Edward ...
Open Mike - NBC SportsThe words are painful for me to read, mostly because I wrote them. It was back at the end of July, when the Houston Astros did nothing to improve themselves at the trade deadline. The gist of that column was that the least the team could have done ...
Sheafe House demolition OK'd after judge rules time was up - CitizenErin Plummer/Staff Photo AN EXCAVATOR with Spears Brothers of Laconia tears apart the second building of the Sheafe Harbor House on Wednesday. The main building was demolished on Tuesday and the remaining building is scheduled for wrecking soon. The ...
ACORN comes out swinging - San Francisco GateIn last night's debate, Sen. John McCain suggested that ACORN (Association of Community Organizations for Reform Now) was responsible for massive voter fraud that could destroy ''the fabric of democracy.'' Now the leaders of the community organizing ...
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Obama: McCain fabricating attack on 'Joe' - Boston GlobeMIAMI -- To hear Barack Obama tell it, he fully expects to be attacked by John McCain, because McCain is flagging in the polls and time is running out. Obama often says, somewhat boastfully, that he can stomach a few more weeks of the barrage, no ...
All Joe, all the time - Boston GlobeJoe the plumber's 15 minutes of fame took a sour turn today. The star of Wednesday night's presidential debate, Joe Wurzelbacher, appeared on several national TV news shows and both campaigns kept mentioning him. But it was reported that he doesn't ...
Who won the debate? - Atlanta Journal ConstitutionI thought Mccain did much better in this debate than in the ones in the past. However, listening to his responses was like watching someone attempting ot herd kittens. He could not stay on point and was evasive. Mccain reminded me of the old guy next ...
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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