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Bank of Granite reports improved results - Greensboro Business JournalBank of Granite Corp. reports a loss of $271,000 for the third quarter, improving on the $22 million loss it posted a year earlier and the $3.4 million loss it had in this year’s second quarter. The bank said the down market for financial stocks ...
Bank of Granite Corporation Decides Not to Split Stock - StreetInsider.comGRANITE FALLS, NC -- (MARKET WIRE) -- 10/07/08 -- Bank of Granite Corporation (NASDAQ: GRAN ) (the "Company") announced that its Board of Directors has decided not to pursue a previously announced 5-for-4 stock split that was to be effective for ...
Democrats keep hold of General Assembly - WRALRALEIGH, N.C. — The excitement surrounding President-elect Barack Obama's campaign and Democratic wins for several top posts in North Carolina wasn't enough to help the party increase its majorities in the General Assembly. But if this was an ...
GOP held its own in state House, Senate races - Times-NewsThe excitement surrounding President-elect Barack Obama's campaign and Democratic wins for several top posts in North Carolina wasn't enough to help the party increase its majorities in the General Assembly. But if this was an election of change - a ...

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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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