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Fears about Obama utterly groundless - Rocky Mountain NewsI read with great disappointment the letter from Virginia Jasper concerning the election of Barack Obama as our next president ("So grateful Obama will take care of us," Nov. 10). As usual, the Republican point of view involves name-calling ...
Farmland draws weaker bidding at Iowa auctions - Des Moines RegisterMason City, Ia. - Myron Young watched 620 acres of Cerro Gordo County farmland pulled from an auction sale because bids fell short of expectations. Then he declared to a table full of Young family relatives and friends: "I guess this is just one more ...
GOT BONDS? - Register-GuardWe’ve got to work our way out of this economic slump, the top politicians from Gov. Ted Kulongoski to President-elect Barack Obama are saying these days. Massive pump-priming public works projects will keep Oregonians and their counterparts across ...
September 14 - September 21 (77) - Dakota Voice► January 16 - January 23 (1) In case you haven't heard about it, the movie stars Kirk Cameron as a firefighter who's doing well at work, but his marriage is falling apart at home. This movie was made by the same group of church folks that made the ...
Church celebrates 175th year in Jasper County - Rensselaer RepublicanTrinity United Methodist Church will celebrate their 175th Birthday Celebration on October 19. “Our church was the first in Rensselaer,” said Beulah Arnott, Jasper County historian and member of the Trinity United Methodist Church. “The ...
Blow for buy-to-let borrowers - Times OnlineBank of Ireland has withdrawn its buy-to-let mortgage deals for landlords with less than a 25 per cent deposit in the latest sign that the mortgage market has failed to improve despite the Government's attempts to unfreeze the market. The lender is ...
So grateful Obama will take care of us - Rocky Mountain NewsIsn't it great? With the election of Barack Obama, I won't have to worry about paying my mortgage, health insurance, gas for my car or college tuition! Obama will take care of us! But to do everything he promised, he forgot to say that he needs to ...
Candidates discuss dollars and tourism - Jasper BoosterThe economy is the number-one issue for many voters during this federal election campaign. For Jasper residents, the local economy also means maintaining a strong tourism base. Here’s what the Yellowhead riding’s six candidates had to say about ...
Fitch: Mortgage Holdings Could Imperil Life Insurance Firms - Insurance News NetCopyright 2008 SourceMedia, Inc.All Rights Reserved National Mortgage News October 13, 2008 Pg. 9 Vol. 33 No. 4 711 words Fitch: Mortgage Holdings Could Imperil Life Insurance Firms Brad Finkelstein CHICAGO-Fitch Ratings here has downgraded its ...
H'WOOD BIG EYES CITY 'ART HOUSE' - New York PostFallen Hollywood kingpin Michael Ovitz is bidding to make a splashy move to the Big Apple by buying a museum in Chelsea and building a palatial loft above it for himself and his growing art collection, The Post has learned. Ovitz, 61, has been in ...
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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