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Graduates’ burden: Student-loan payments - Las Vegas SunA pair of College Board reports show how the cost of attending college has escalated over the years and how students are financing their educations. These are the questions Eric Jones, 24, has been asking, to no one in particular, since he graduated ...
Alistair Darling seeks delay on Northern Rock repayment - Times OnlineNORTHERN ROCK could delay repayment of its remaining £11.5 billion in taxpayer loans under a new Treasury plan to shore up the housing market. Alistair Darling is discussing with officials a plan to ask Brussels for clearance to alter the terms of ...
2008 Gift Guide: Big boxes to make your holidays bright - Cleveland Plain DealerThere are plenty of excuses, if you want them. The mortgage crisis. The credit squeeze. The weather (it was 60 degrees on Friday). The traffic lights on Euclid take too long to turn green. But let's face it: You and I and Aunt Ida aren't going to ...
GMAC Leaves Individuals Holding Car Lender's Junk (Update2) - BloombergNov. 7 (Bloomberg) -- GMAC LLC may leave thousands of individuals on the hook for about $15 billion of junk-rated debt unless the auto and home lender finds a way to pay its bills. GMAC, the largest lender to car dealers of General Motors Corp ...
Foot bathing is a clean job, but someone's got to do it - Cleveland Plain DealerBeing bereft of a glass slipper, reporter Chuck Yarborough opts to scrub the tootsies of Diana Palmer after she completed her ion foot bath at Basic Essentials in Solon. Layoffs. Mortgage meltdowns. Monopoly money worth more than our 401(k)s. An ...
Nevada Elementary School to Receive Free Solar Array From Black Rock ... - PR NewswireWADSWORTH, Nev., April 15 /PRNewswire/ -- The Natchez Elementary School on the Pyramid Lake Paiute Tribe's Reservation in Nevada will soon be home to a new solar energy system that will generate clean, reliable and free electricity from the sun. The ...
Area real estate transactions - Spartanburg Herald-JournalCraig M Fennell; to; Michael G Pelkey; $139,000; Lot, 0.45ac, 118 S Church St, Landrum Judy C Steele; to; Paul M & Darlene G Roy; $125,500; Lot 8, 1.0ac, 2487 S Blackstock Rd, Landrum; Shenandoah Subd A Manning Lynch Jr; to; Manning Lynch Inc; $18 ...
Willan fraud trial will go forward - Akron Beacon JournalProsecutors wrapped up their case Monday against former Evergreen Corp. President David B. Willan, with all 69 charges surviving a nearly three-hour courtroom attack by the defense. William B. Whitaker, Willan's lawyer, filed a lengthy motion for ...
Business calendar, 11/28 - Denver PostColorado Women's Chamber of Commerce, brown bag lunch with image consultant Lori Ryno, 11:30 a.m., 1624 Market St., Suite 340. Information: www.cwcc.org NIRI Rocky Mountain, 11:30 a.m., Denver Athletic Club, 1325 Glenarm Place. Information: www ...
Homebuilding loan delinquencies leveling off in NE Ohio - Crain's Cleveland BusinessThe shell of a home at 3625 Downing St. changed hands last week in what has become an all-too-familiar ritual between borrowers and lenders at Cuyahoga County sheriff’s sales in the Justice Center. But in this case, it wasn’t a vandalized home 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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