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OK, I'm glad we got hosed at the pump - CNET NewsLong before I ever heard about personal computers, I was a huge fan of automobile design. When I was a kid, my room was jammed with miniature model cars I spent hours assembling, painting, and proudly putting on display. So it was that my first real ...
Following the herd hurts economy, experts say - Columbian“Right now we’re dealing with a stampede. The wildebeests can’t see into the distance and instead take their cues from those around them,” says Uchila Umesh, WSUV professor of marketing, on the economy. Parker Cann said the federal bailout ...
News Briefs - 11/10 - Maryland Daily RecordA new statewide civil domestic violence database has been launched by the Maryland judiciary in an effort to help police and the courts better enforce protective orders. The online-accessible database, created with a grant from the U.S. Justice ...
Tories' lead picking up steam - Globe and MailHarper 144 (90% likely) or 180 (10% likely). I've called Harper 144 all along and stick to it. However, something interesting might happen re Quebec. IF Harper appears to heading for a majority without Quebec, watch for tons of the 'protest' voters ...
Plumbers disavow Joe - Boston GlobeReal plumbers don't like Joe. Or at least the ones supporting Democrat Barack Obama. About 100 union plumbers from a Boston-based local plan to knock on union members' doors Saturday in Portsmouth, N.H., and "Joe the Plumber" is certain to be a topic ...
1992 Republican Party Platform - CNNAbraham Lincoln, our first Republican president, expressed the philosophy that inspires Republicans to this day: "The legitimate object of government is to do for a community of people whatever they need to have done, but cannot do at all, or cannot ...
Let Detroit suffer its fate - Atlanta Journal ConstitutionLet Detroit die. Management and the United Auto Workers Union made this bed. Washington can’t save them. Somebody will make automobiles that Americans will buy and whether it’s General Motors, Ford and Chrysler or some other combination of ...
McCain slams Obama on 'redistribution of wealth' - Boston GlobeConservative bloggers and websites have been flogging it, and now John McCain's campaign has put its imprimatur on it: a newly disclosed radio interview in which Democratic rival Barack Obama talks about the redistribution of wealth. The interview ...
A Foreign Correspondent's View of U.S. Elections - ABC News BlogsAs the clock ticks down to Election Day, I wonder whether Americans realize just how eagerly – almost fervently – the rest of the world awaits the outcome of their vote. My editor in Sweden summed it up when she urged me in my curtain raiser for ...
Obama ahead or tied in 8 key states, polls show - Rocky Mountain NewsWASHINGTON — Barack Obama leads in four states won by President Bush in 2004 and is essentially tied in two other Republican states, according to new AP-GfK battleground polling that suggests most roads to victory are closed to John McCain. Obama ...
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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