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Thomson Financial News - ForbesCopyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of ...
Loan game under new rules - Toledo BladeHAVING LANDED a sweet deal on a cozy ranch in south Toledo's Beverly Place section and possessing strong credit scores, Edward and Janis Whitson appeared poised this year to sail through the mortgage approval process. They eventually snagged ...
Home calendar - Detroit Free PressReal Estate Investors Association of Oakland County: Learn about the art of house-foreclosure short sales by Steve Dillon at 5:30 p.m. Dec. 11 at MSU Management Education Center, 811 W. Square Lake in Troy. $20 for nonmembers; free for members. 800 ...
2nd UPDATE: Asian Shares Off Early Lows; Korea Falls 2.9% - FXStreet.comSINGAPORE (Dow Jones)--Asian stock markets were lower Tuesday after Wall Street gave back a large part of its recent rise,though bourses also showed a small amount of resilience even as concerns mounted about the health of the global economy. Some ...
People making news - Detroit Free Press• Zeeland-based ODL, a manufacturer of door glass and door treatments, has promoted Jeff Mulder to corporate president and chief operating officer. Mulder has been with ODL for 16 years and has held management positions in a number of different ...
Erie County Real Estate Transactions - Buffalo News• 63 Fairlawn Drive, Edmund Karnofsky to Squire Shop Inc., $348,700. • 92 South Rockingham Way, GMAC Mortgage Llc to John F. Marcolini; Angela J. Marcolini, $340,000. • 248 Running Brook Lane, Drew A. Gundlach; Sandra L. Gundlach to Robert M ...
Man thankful after journey from the streets to having his own home - Oakland PressDoug Antishin’s heart will be at home this Thanksgiving, even though he’ll eat turkey dinner at the Farmington Hills home of his brother, Dennis. Antishin, 46, bought a condominium just a few weeks ago with help from grants and the Community ...
Recent foreclosures filed in Madison County - TelegraphThese are mortgage foreclosure cases filed recently in Madison County Circuit Court. The information shown is the case number, the defendant, property address and date of court filing. Oct. 14 08CH1209: Kevin Alexander, Angela Alexander and Madison ...
Thomas K. Equels Elected to Hemispherx BioPharma, Inc. Board of ... - Yahoo FinanceMIAMI, Nov. 26 /PRNewswire/ -- Thomas K. Equels, President and Managing Director of the Equels Law Firm, has been elected to the board of directors for Hemispherx BioPharma, Inc. (Amex: HEB - News ), a Philadelphia-based biopharmaceutical company ...
Property Transactions - Daily Review & Sunday ReviewAlmer E. Finnerty and Mary Kathleen Finnerty to Deborah J. Finnerty of Burlington for property in Burlington Borough for $10,000. Lasalle National Bank, EMC Mortgage Corp, POA, Lasalle bank National Association to Robin L. Farley of Canton for ...
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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