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Financial News
Good buys in home loans - Baltimore Sun
Home loan borrowers with good credit could be in for some of the best mortgage rates in months, analysts said yesterday, a day after the Federal Reserve announced intervention designed to make financing less costly and more readily available. But it ...

Preferential’ allotment scheme opens - Tribune
The process of allotting residential plots in urban estates of the state under the "preferential” allotment scheme has begun with the Haryana Urban Development Authority (HUDA) inviting applications from "eligible" persons. The scheme is another ...

Tough Times - Ironton Online
She calls herself a single, hardworking mom who loves sports and loves to sing. So when Susan Taylor of Ironton found out after eight months on the job at AK Steel she was facing a layoff, her first thought was automatic. It was about her six ...

Public Notices - Mount Vernon News
Applicant hereby gives notice to all interested persons that the applicant has filed an Application for Change of Name in the Probate Court of Knox County, Ohio, requesting the change of name of Guy Aland Cleveland to Guy Alan Mills. The hearing on ...

Peterjohn wants any future tax increase approved by Sedgwick County ... - Wichita Eagle
Voters across the nation approved tax increases earlier this month to pay for projects ranging from high-speed rail networks to new schools to a mortgage program for veterans. New Sedgwick County commissioner Karl Peterjohn, a Republican, made voter ...

F&M Bank named to BusinessTN 'Hot 100 List' - Nashville Tennessean
Clarksville-based F&M Bank, which has facilities in Murfreesboro, has been named to BusinessTN magazine’s Hot 100 Tennessee Companies list for 2008. Headquartered in Nashville, Business TN describes the 2008 list as “companies that are fast ...

Recent foreclosures filed in Madison County - Telegraph
These 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 ...

China's Manufacturing Crisis Deepens - Seekingalpha.com
China’s worst fears are starting to be realized. The manufacturing jobs which have brought opportunity to 150 million migrant workers are disappearing very quickly. And riots (or “mass incidents” as Chinese authorities have termed them) are ...

Condos out, apartments in these days - St. Louis Post-Dispatch
From St. Louis to St. Charles, developers are making a switch. As housing sales continue to shrivel and prices slip, nimble builders are luring renters instead of buyers. Developers are getting hit by both ends of the housing markets. Twitchy lenders ...

CEO, Mr.Aabed Al-Zeera - MENAFN
International Investment Bank (IIB), a globally focused Islamic investment bank based in the Kingdom of Bahrain, announced the launch of a mortgage finance company in the Kingdom of Saudi Arabia. IIB and its investors will own 65% of the venture ...

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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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