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Fire damages house among 1st wired for electricity - Buffalo NewsA fire in suburban Detroit has damaged a boarding house built for employees of inventor Thomas Edison that was among the first buildings to get electric lighting. A spokeswoman for The Henry Ford museum complex says Monday afternoon's blaze was ...
Audio: Washington correspondent reflects on Bush interviews - Milwaukee Journal SentinelJan. 9, 2009 1:52 p.m. | In 11 days, George W. Bush will leave the White House and the presidency and return home to Texas. In a story that will appear in Sunday's Journal Sentinel, Washington Bureau chief Craig Gilbert looks back at a half-dozen ...
Reselling recycled waste not profitable - GazetteFrederick County commissioners gambled in November when they signed a contract to pay $12 per ton to haul recyclables to a processing plant in Howard County. But like many homeowners who took a chance on a risky mortgage, the commissioners' gamble ...
3 condos' closings may offer gauge of area's market - Palm Beach PostPessimists say West Palm Beach's condo market is in for a bloodbath. Optimists say the bleeding is only a boo-boo. To determine which diagnosis is correct, both sides are closely watching closings at the three latest entries into the market - the 467 ...
Jobs, government efficiency top Hoosiers' concerns - Star-PressMUNCIE -- That Hoosiers want the Indiana General Assembly to do more about creating jobs and improving government efficiency comes as little surprise to some East Central Indiana lawmakers. The twist in a new poll conducted by Ball State University's ...
MASSACHUSETTS LOCAL NEWS - Union-News & Sunday Republican• dodeans -- Air, I prefer not to pursue an... • wdtdd -- chuck norris jokes? really? ... • dodeans -- Hey air, I was referring to th... • klp63 -- Ahh more blame the unions for ... • airgarcia -- dodeans..... educate yourself ...
Judge: 'Lying in court has a price tag'; Beatty gets 120 days - Detroit NewsDETROIT -- Christine Beatty "misused" her many talents when she participated in a text-message cover-up with former Mayor Kwame Kilpatrick that hid the details of their affair and ultimately cost the city millions of dollars, Wayne County Circuit ...
2008's top 10 - Daily TribuneNo comments posted. AP photo Clint Eastwood, left, walks out of a Grosse Pointe Shores home July 14 to greet family and friends of the owners of the house where Eastwood will be directing a movie. AP photo Clint Eastwood, left, walks out of a Grosse ...
Opportunities In The New Year - The BulletinIt’s hard to believe we have almost completed the first decade of the new millennium. In less than a decade, we have seen the promise of the Internet fulfilled, the financial industry grow to epic portions only to blow up like the Hindenburg and ...
90-year-old man missing on southwest side - Milwaukee Journal SentinelA 90-year-old Milwaukee man who lives on the city's southwest side and has memory problems has been missing since Thursday, according to Milwaukee police. Police are looking for Carl Einsiedel, described as white, balding, 5 feet 5 inches tall ...
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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