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Neff goes bargain hunting - CNN MoneyNEW YORK (Fortune) -- John Neff feels your pain. The legendary money manager, 77, beat the S&P 500 by an average of more than three percentage points a year during his 31-year run at Vanguard's Windsor fund. He has been investing his own money since ...
Spits fear being traded away - Windsor StarIt's a tough time to be a young player for the Windsor Spitfires. On a team aiming for an Ontario Hockey League title, the Spitfires will be a buyer before Friday's 12 noon trade deadline. Those teams looking to deal with the Spitfires are eyeing the ...
NEWS IN BRIEF: Around Downriver - News-HeraldThe Capuchin Soup Kitchen has several suggestions on how to help those in need this holiday season. The Capuchin Soup Kitchen’s Caps, Coats and Kids program provides new caps, coats and gloves to needy children. The Capuchin Soup Kitchen’s ...
Northeast Public Radio CEO Makes Unintentionally Hilarious Case for ... - News BustersThe most important thing to remember when reading this Berkshire Eagle article , "Making the case for Caroline Kennedy," by WAMC Northeast Public Radio CEO, Alan Chartock, is that it was not meant as satire. However, Chartock's reasons for appointing ...
December 2008 - ABC News BlogsABC News’ Daniel Arnall reports: 2008 has been the most important year in the lifetime of every working-age American. It is the definition of superlative. Some of the highlights and headlines that took our breath away: Banks failed . Washington ...
The World Newser - ABC News BlogsGeorge Stephanopoulos interviewed Israeli Foreign Minister Tzipi Livni briefly today on Israel's decision to reject international calls for a 48 hour cease-fire . Livni said that a cease-fire "doesn't serve Israel" because Hamas will "abuse any kind ...
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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