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US to leave door open on climate for Obama: officials - Khaleej TimesWASHINGTON - President George W. Bush’s outgoing administration promised Wednesday to leave options open at next week’s UN climate talks in Poznan, Poland on president-elect Barack Obama’s possible environment plans. “We hope that Poznan can ...
Students lie, cheat, steal, but say they're good - Lincoln Daily News[ December 01, 2008 ] N EW YORK (AP) -- In the past year, 30 percent of U.S. high school students have stolen from a store and 64 percent have cheated on a test, according to a new, large-scale survey suggesting that Americans are too apathetic about ...
Big Three on the brink - Politico.comSenate and House hearings that begin Thursday could make or break the American auto industry and pose a major test of whether the White House and the incoming Obama administration can work together to save the companies from collapse. The stakes are ...
Recent foreclosures filed in Madison County - TelegraphThese are mortgage foreclosure cases filed recently in Madison County Circuit Court. The information shown is the case number, the defendant, property address and date of court filing. Oct. 14 08CH1209: Kevin Alexander, Angela Alexander and Madison ...
Best & Worst in Money 2008: Struggling company we're rooting for most - Bloggingstocks.comFiled under: Ford Motor (F) , General Motors (GM) , Sirius Satellite Radio (SIRI) , Citigroup Inc. (C) , Circuit City Stores (CC) , Sears Holdings (SHLD) This post is part of AOL Money & Finance's Best & Worst in Money 2008 feature. There have been ...
Cindy Lange-Kubick: In this economy, spend or save? - Lincoln Journal StarIn Middle America we’re trying to get our minds around this struggling economy. Why the Big Three think they are worthy of a bailout when couples who couldn’t make their mortgage payments are living in Mom and Dad’s basement? Wondering what it ...
Nov 30 - Dec 06 (176) - Andrewsullivan.theatlantic.comIf you're like me, you're putting your monthly retirement account statement directly into the trash without opening it. But it could be worse. An Economist writer who taught financial literacy to homeless single mothers noticed something wild : One ...
Robberies force bank to shut down for good - Peterborough Evening TelegraphA central Peterborough bank that was twice targeted by robbers is to be closed, it was revealed today. The HSBC bank in Lincoln Road, Millfield, Peterborough, was raided by hammer wielding robbers who made off with a cash haul just a fornight ago ...
New FEMA maps place more than 200 homes in floodplain - Lincoln Journal StarA bureaucratic tidal wave of sorts hit Waverly recently when the Federal Emergency Management Agency informed the city that new maps place 204 homes in a floodplain, or flood-prone area. None of those homes was in the floodplain before, city ...
Sinking economy not bad news for all Rhode Island companies - Providence JournalThe repo man has been busy. In three weeks time, Mark and Christine Labbe took back 15 Mercedes Benzes through their Lincoln repossession service, Preferred Recovery and Towing. There was the large Snap-on tool truck, which, with all the products ...
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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