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Chambliss, Martin Make Final Push Before Georgia Runoff - All Headline NewsAtlanta, GA (AHN) - Sen. Saxby Chambliss (R-GA) and Democrat Jim Martin are making their final push ahead of a runoff on Tuesday for a crucial seat that will put Senate Democrats one race away from getting a 60-vote majority that will block ...
U.S. rescues Citi again - Macon DailyNEW YORK ( Reuters ) - The U.S. government has bailed out Citigroup Inc, agreeing to shoulder most of the potential losses on $306 billion of high risk assets and inject $20 billion of new capital, in its biggest rescue of a bank yet. Citigroup's ...
Obama seeks action on 'historic' economic crisis - Macon TelegraphCHICAGO -- Citing an "economic crisis of historic proportions," President-elect Barack Obama urged Congress to pass a costly, job-creating stimulus bill as quickly as possible, a rare pre-inaugural call to action delivered as the outgoing Bush ...
Credit card companies quick to raise rates, fees - Atlanta Journal ConstitutionGreg Fischer was already fed up with Bank of America for doubling his credit card’s interest rate to 28.99 percent — the price for being a couple of weeks late with a payment in April. What sent him over the top, he said, was the bank’s ...
Chambliss: A pro-business conservative - Atlanta Journal ConstitutionSaxby Chambliss had been in the U.S. Senate just two years when a retiring colleague left him an invaluable gift. In January 2005, Oklahoma Sen. Don Nickles put the Georgian in control of the Republican Majority Fund, a political action committee ...
Obama tells NY Times he'd do better without Fox News around - Los Angeles Times BlogsThe New York Times, of all places, has a long interview coming out Sunday with the freshman senator from Illinois, Barack Obama. In it, the Democratic presidential nominee, who's leading in most recent political polls, still bemoans the existence of ...
Archives » November 2008 - Newsweek BlogThough presidential candidates often say that education will be one of their top priorities, the job of education secretary is often among the last cabinet seats filled. While Barack Obama's transition team hasn’t floated any names yet, the ...
To Pay or Not To Pay (My Mortgage): An "Untroubled" Homeowner's ... - OpEdNews.comAfter hearing the details of the latest proposed Federal Mortgage Aid Plan , do any other homeowners out there feel like you just won the un-lottery? The plan reportedly targets “troubled borrowers“, roughly defined as those who have missed three ...
Macon, Bibb in line for more than $4 million for housing - Macon TelegraphMacon and Bibb County are in line for more than $4 million in federal funding to fight the effects of foreclosures, and other Middle Georgia counties likely will split hundreds of thousands more from a federal response to the mortgage crisis. The ...
Outdoor Tech closes; Macon loses 84 jobs - Commercial DispatchMACON — The cavernous interior of the 155,000-square-foot Outdoor Technologies manufacturing plant off Highway 45 South on Wednesday hardly resembled the flurry of activity present at the location a week ago. Though a small crew of workers remained ...
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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