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Holiday outlook of Fed is bleak - The Washington TimesThe country's economic picture has darkened further as Americans hunkered down heading into the holidays, forcing retailers to ring up fewer sales and factories to cut back production. The Federal Reserve 's new snapshot of business conditions ...
A Rush Into Refinancing as Mortgage Rates Fall - Gainesville SunThe housing market may finally be getting some relief, with lower mortgage rates already encouraging refinancing and Treasury officials considering ways to entice new buyers. Click to enlarge Low rates enticed Javier and Irina Lattanzio to refinance ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Bennett Park in my upper Manhattan neighborhood. Earlier this week, I called my building’s management company to do something I’d dare not ...
Plan to keep your home and mortgage - Park Rapids EnterpriseEditor’s note: This is the last in a series of articles put together by the Park Rapids H.O.M.E. (Home Ownership Made Easy) group outlining the steps in buying a home. The articles have appeared over several weeks in the Park Rapids Enterprise ...
Workday Inc. is moving to Pleasanton - San Francisco GateThursday, December 4, 2008 Workday Inc. plans to announce today that is it moving its headquarters to Pleasanton Corporate Commons, a business park adjacent to Stoneridge Mall. The nearly 70,000-square-feet of space was previously occupied by E-Loan ...
Low rates breathe life into mortgage market - Columbus DispatchA recent half-percentage-point drop in 30-year home loans is jolting a mortgage market that has been weighed down by a nose-diving economy and troubled credit markets. Mortgage applications were up 112 percent during the week that ended Nov. 28 ...
Suit: Florham Park developer funneled cash from skyscraper purchase to ... - Morris County Daily RecordOne of the biggest commercial real estate deals in New York City history was used by Florham Park-based developer Charles Kushner to funnel more than $5 million into the New York Observer, the newspaper run by his son, Jared, according to a former ...
Great Wolf talking with lenders about mortgage extension - Milwaukee Journal SentinelDec. 1, 2008 11:42 a.m. | Madison-based Great Wolf Resorts Inc. says it remains in discussions with its lenders regarding an extension of yesterday's maturity date on a $76.8 million mortgage loan on its Mason, Ohio, water park resort. Until those ...
Californians in Foreclosure May Have Something to be Thankful for - Eastern Group PublicationsCalifornians in Foreclosure May Have Something to be Thankful for New Programs and legislation gives relief to some while others are left waiting. By Lynn Lieu, EGP Staff Writer With California’s large budget gap and unemployment rate souring at 8 ...
NYC Apartment Rents Fell in November, Vacancies Rose (Update2) - BloombergDec. 4 (Bloomberg) -- Manhattan apartment rents fell for a fourth consecutive month in November and vacancy rates reached 2 percent for the first time in almost two years as Wall Street’s financial turmoil took a toll on the housing market. Rents ...
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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