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November 2008 - Weblogs.baltimoresun.com
Former Gov. Robert L. Ehrlich Jr. got strongly behind Sen. Andy Harris in the 1st District congressional race. With Ehrlich's backing, Harris offed Republican incumbent Wayne Gilchrest in the primary. But Harris was bested by Frank Kratovil, a little ...

Heavy Engineering - Baltimore Sun
TYLER, Texas (AP) _ Officials say an explosion at an east Texas oil refinery sparked a fire and injured some employees. Tyler Fire Capt. Jeff Aiken says that a loud explosion was reported Thursday afternoon and that several fire crews were on the ...

Going once, twice ... - Baltimore Sun
He buzzed around like a fly behind a windowpane. He could see daylight but no obvious way to break through or go around. He was frantic, panicked. His house was in foreclosure, and in a few minutes it would go on the auction block. Pacing and smoking ...

Insurers May Become Banks in Quest for Federal Cash (Update1) - Bloomberg
Oct. 29 (Bloomberg) -- Insurance companies including Lincoln National Corp. may seek to become banks to qualify for a slice of the $250 billion being doled out to financial firms by the U.S. government. Lincoln National Chief Executive Officer Dennis ...

Will Your Recession Be Tall, Grande, or Venti? The more Starbucks a ... - Slate
Remember Thomas Friedman's McDonald's theory of international relations? The thinking was that if two countries had evolved into prosperous, mass-consumer societies, with middle classes able to afford Big Macs, they would generally find peaceful ...

First Mariner Reports 3rd Quarter Results - Earthtimes
Loss narrows compared to third quarter of 2007; Book Value ends quarter at $8.81 per share BALTIMORE, Oct. 21 BALTIMORE , Oct. 21 /PRNewswire-FirstCall/ -- First Mariner Bancorp (Nasdaq: FMAR), parent company of First Mariner Bank and Mariner Finance ...

Bad Economy Good For Military - WJBF.com
Fewer civilian jobs mean less competition for military recruiters. The Army is planning to take advantage of the weak economy to increase its numbers. Fewer civilian jobs mean less competition for military recruiters. The Army is planning to take ...

Maryland Today - Frederick News-Post
COLUMBIA — Howard County Police have charged a Columbia man with manslaughter after he abandoned a passenger ejected from his car, who was alive but unconscious with grave injuries. Howard County Police say 23-year-old Alexander Camorali fled after ...

Video Games: The Way Wii Were - Baltimore City Paper
By cuisine Afghan African American Argentine Asian Bangladeshi Barbeque Bistro Brazilian Breakfast Brewpub Burgers Café Cajun Cal-Mex California Cantonese Caribbean Chinese Coffee shop Contemporary Continental Crab House Creole Cuban Danish Deli ...

Register for FREE - Wall Street Journal
The email address you have entered is already in use. Please re-enter the email address. And as GM and Ford Motor continue to post massive losses , the windows keep closing for options, such as the now-called-off GM-Chrysler deal. Today, GM warned it ...

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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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