Bridgeton Mortgage Rates and Information Online from competing Lenders

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Homeownership preservation clinic scheduled in Vineland - Bridgeton News
VINELAND -- As New Jerseyans continue to struggle with economic uncertainty, Sen. Robert Menendez has announced an additional homeownership preservation clinic this Friday to offer information, direction and assistance to homeowners who are ...

Jersey City celebrates completion of "affordable" Tubman homes - Bridgeton News
Federal, state and city officials opened eight new affordable housing units on Martin Luther King Drive with a ribbon-cutting ceremony this morning. The project is the first of Jersey City's affordable housing units born from the "CHOICE" program to ...

What is the single most important ramification of the election? - Atlanta Journal Constitution
Before I tackle this week’s topic, I must first congratulate Barack Obama. Even the election of a man with whom I deeply disagree makes me proud to be an American. I will probably object to his policy priorities, but the ascendance of our first ...

Workshop to help local homeowners - Daily Journal
U.S. Sen. Robert Menendez, D-N.J., announced a homeownership preservation clinic will be held Friday in Vineland to offer information, direction, and assistance to homeowners who are experiencing difficulty in making their mortgage payments and are ...

People On the Move - St. Louis Business Journal
Kathy Dickmann was promoted to club services officer at The Bank of Edwardsville. Kim Vosholler was promoted to retail operations supervisor at its Highland Center. Premier Bank added Carol Garske as residential mortgage lender. Tim Weinhold was ...

Wall Street crisis may be good for Cumberland - Daily Journal
VINELAND -- The financial crisis that federal and state governments are scrambling to fix is a potentially lucrative opportunity for well-prepared communities. And Cumberland County intends to be one of those communities. County officials, with an ...

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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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