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For Obama, A Chance to Push Big Changes - Common DreamsAmid the almost surreal numbers that describe the nation's financial crisis, President-elect Barack Obama and his incoming team are positioned to take advantage of a changed political environment and push for programs and reforms that only a few ...
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Team America - SalonObama's foreign policy and national security team, formally announced on Monday, was impressive in its genuine diversity. This wasn't faux diversity or tokenism, but a group of people who represent a refreshingly wide spectrum on ideology, gender ...
I'm grateful for Barack Obama - SalonI was getting ready to expand on the sappy Thanksgiving post I wrote on Open Salon last night when news began to unfold Wednesday about the Mumbai attacks. We don't know enough as I write for me to say anything intelligent about this, but I found ...
Marco Sullivan’s long trip to the top - Sierra SunMarco Sullivan, a Tahoe City native and former Squaw Valley Ski Team prodigy, finished fourth in the World Cup downhill standings last winter. Sullivan played through a hernia his senior year as co-captain of the North Tahoe High School football team ...
Eric Holder's Department of Injustice - Blogcritics.orgSee also: » Bankruptcy Over Bailout » Terrorist Calls Colin Powell a “House Negro”? Suck on a Cotton Burr, Al-Qaeda » Let's All Get Naked at the Bohemian Grove! The upside of being a Liberty Republican is that when either party gets elected ...
House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News BlogsABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...
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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