Bloomfield Mortgage Rates and Information Online from competing Lenders

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2008: The absurd - Crain's Detroit Business
That's about the best that can be said for 2008, a bad year by any account. It began in January — when else would it begin? — with the news that Mayor Kwame Kilpatrick had lied under oath about an affair with chief aide Christine Beatty, and it ...

Michigan reps in Congress to tackle state woes - Detroit News
WASHINGTON -- On a hectic first day packed with floor votes and hugs from well-wishers, freshmen Democratic Reps. Gary Peters of Bloomfield Township and Mark Schauer of Battle Creek vowed Tuesday to help create jobs in Michigan and tackle rising home ...

Lots at stake as Congress takes office - Detroit Free Press
WASHINGTON -- For Michigan and the nation, there's a lot riding on the 111th Congress that takes office today. Like continuing aid to automakers. Creating jobs. Solving a mortgage crisis and addressing skyrocketing health care costs. Dealing with ...

Peters, Schauer: Jobs, foreclosure are top issues - Detroit News
WASHINGTON -- On a hectic first day packed with floor votes and hugs from well-wishers, freshmen Democratic Reps. Gary Peters of Bloomfield Township and Mark Schauer of Battle Creek vowed Tuesday to help create jobs in Michigan and tackle rising home ...

New Staten Island health craze: Magic potion or get-rich-quick scheme? - Staten Island Advance
Advance photo/Jan Somma-Hammel MonaVie, at $40 a bottle, is a syrupy mix of Brazilian acai berries an 18 other fruits. MonaVie is a $40 bottle of juice blended from 19 different fruits, including the Brazilian acai berry. Drink just four ounces a day ...

TRUMBULL COUNTY - Vindicator
Jerry D. Ladd Jr., 32, of 112 Westgate Drive, Newton Falls, and Carol J. Oller, 30, of same. James E. Exline, 25, of 4773 Fifth Ave., Youngstown, and Candina M. Chamberlain, of same. Charles Zajaczkowski, 50, of 186 W. Main St., West Farmington, and ...

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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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