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Real-Time News - Newark Star-LedgerThey met as teenagers, finding a common bond in the love of study and the love of faith. Both went on to become rabbis in Judaism's ultra-Orthodox Chabad-Lubavitch movement. Mendy Kasowitz settled in West Orange. Gavriel Holtzberg ended up across the ...
Protest greets mortgage bankers meeting in S.F. - San Francisco GateTuesday, October 21, 2008 A noisy but contained protest greeted delegates to the Mortgage Bankers Association's 95th annual convention, which began Monday at Moscone Center, as the real estate finance industry is tarred by association with a housing ...
Flaherty vows to speed up infrastructure projects - Globe and MailCasual Observer from The End of the world as we have known it., Canada writes: I love it. This is exactly what I thought the Liberals should be saying. Instead, Dion says today that the economy will slow down their plan. I guess the tories ...
Businesses and Water Shortages: A Drought of Risk Management - Social FundsThe Marsh Center for Risk Insights' new survey reports that although most businesses are aware of the risks of water shortages, most businesses don't have a risk management plan in place. SocialFunds.com -- "It's raining it's pouring, the old man is ...
Russia tests Barack Obama's mettle - Daily Telegraph BlogsTags: america , Barack Obama , Dmitri Medvedev , russia , US , Vladimir Putin Russian President Dmitri Medvedev is already testing the waters with Barack Obama. As The Telegraph has reported , Vladimir Putin's protégé declared last night that ...
Is Water the New Oil? - Common DreamsIt's hard to imagine why humans would have chosen the achingly arid stone desert of Wadi Faynan for their first settlement. But water would have been one important reason, says archaeologist Steven Mithen. When Neolithic men and women arrived 11,500 ...
FCC vs cable, it’s getting nasty - Advanced TelevisionThe stand-off between FCC chair Kevin -Martin and the US cable industry is getting serious, and complicated. Two of his fellow Republican commissioners seem to be doubting the validity of his data for deermining that cable has crossed the arcane 70 ...
Crunch May Put Price Tag On Environment - Common DreamsBARCELONA, Spain - The worst financial crisis since the 1930s may be a chance to put price tags on nature in a radical economic rethink to protect everything from coral reefs to rainforests, environmental experts say. Farmers know the value of land ...
Obama goes gloves off, head-on - Las Vegas SunIn a Sun interview Sunday, Illinois Sen. Barack Obama addressed the suddenly front-and-center issue of race in his fight with New York Sen. Hillary Clinton for the Democratic presidential nomination. Looking poised and relatively fresh given the ...
Rattled Salmond comes out fighting - ScotsmanALEX Salmond led the Nationalist fightback on the economics of independence yesterday, declaring Scotland would not just have survived the credit crisis but could thrive as a small independent country within Europe. The First Minister used his ...
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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