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Some residents live in fear of foreclosure - Register CitizenElizabeth Jamieson is a self-employed foreclosure inspector. Usually, an inspector visits 100 homes or so per month. Last month, Jamieson inspected 200 houses. “I am the first person who finds a vacant property. It’s an eerie sight,” she said ...
Real estate transactions - Marion Chronicle-TribuneThe following is a list of real estate transfers collected from the Grant County Courthouse. Purchase prices are not available in Indiana and, therefore, are not listed with the transaction. Nov. 18 through Nov. 24 Anthony Hawkins to Destiny Guerrero ...
Real-Time News - Newark Star-Ledger• Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game They met as teenagers, finding a common bond ...
Mayor: Bethlehem can weather storm - Allentown Morning CallThe worst economic crisis since the Great Depression . Mortgage foreclosure filings on pace to increase by a third in Northampton County. The company building the Sands Casino Resort Bethlehem may default on loans. Those aren't good headlines ...
Lehigh County - Chicago TribuneTODAY Holiday Sale, 8 a.m.-4 p.m., Hamlet House Farm, 999 E. Cherry Road, Quakertown. Antiques, primitives, oddities. Also Saturday. 215-913-2574. St. Andrew's ELC New Orleans Group, 10 a.m.-3 p.m., Phillipsburg Mall, Kohl's Court, 1200 Highway 22 ...
McCain's mortgage plan draws fire from Obama, economists - Idaho StatesmanBETHLEHEM, Pa. — Seeking to regain ground he's lost in the polls during the economic crisis, Republican John McCain returned to the campaign trail Wednesday trumpeting a mortgage bailout plan he unveiled in Tuesday night's presidential debate. "We ...
Losing female support, McCain alters approach - Boston GlobeBETHLEHEM, Pa. - Senator John McCain returned to the campaign trail yesterday with new emphasis on a domestic agenda that appeared designed in part to address the concerns of white women, a crucial voting bloc that has moved steadily in recent weeks ...
Greed and Growth: New Priorities for a Stable Future - Huffingtonpost.comPlunging stocks have raised three things: fear of global depression; Democratic election expectations; and a cry for a world wide reassessment of capitalism. Greed, once again has become "the heavy thighed beast slouching toward Bethlehem." The ...
Stocks end lower despite emergency rate cut - AZCentral.comNEW YORK -- A stock market empowered by an emergency interest rate cut tried to find some stability Wednesday, rallying several times before another late-day drop left Wall Street down for the sixth straight day. Still, the pullback, while fed by ...
McCain, Palin renew attacks on Obama - International Herald TribuneWASHINGTON : After forgoing character attacks during the second presidential debate, Republican John McCain sought Wednesday to sow doubt about Democrat Barack Obama's background and character. Obama shot back by panning McCain's positions on health ...
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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