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Birmingham Mayor arrested on bribery charges - Greenville NewsBIRMINGHAM, Alabama -- The mayor of Birmingham, Alabama's largest city, was arrested Monday on federal bribery and fraud charges connected to a multibillion-dollar sewer bond deal that has driven the surrounding county to the brink of bankruptcy ...
10-Year Plan to End Chronic Homelessness - WNCTThe 10- year plan to end homelessness in Greenville and throughout Pitt County is entering its second year. And with that, comes more federal dollars – $4-billion to be exact. A portion of it will be coming to the east. But just how far do the ...
For SC family, life is free without debt - Spartanburg Herald-JournalROCK HILL - Travise Smith got fed up with being in debt and decided to do something about it. The first thing you should know about Travise is this: When she decides to do something, she's hard to stop. Like the time she packed up and moved from ...
Family touts debt-free lifestyle - Colorado Springs GazetteROCK HILL, S.C. • Travise Smith got fed up with being in debt, and decided to do something about it. The first thing you should know about Travise is this: When she decides to do something, she's hard to stop. Like the time she packed up and moved ...
Simmons, Pirates roll past UTEP 53-21 - FOX NewsGREENVILLE, N.C. — East Carolina had already locked up its spot in the Conference USA championship game and had little to gain in Friday's home finale against UTEP. Still, the Pirates sure didn't look like a team playing a meaningless game. Brandon ...
Who's news: UW Health Fox Valley adds six physicians - Post-CrescentAPPLETON — UW Health Fox Valley Family Medicine has hired six new family medicine resident physicians to its primary care staff: Dr. Belis Aladag, who earned her medical degree from Ross University, Dominica, and an MPH degree from Johns Hopkins ...
Week in Review - Sunday, Nov 30 - Delaware OnlineSecret 'superchecks' let state police look at mental health records. WASHINGTON -- When the government took over mortgage giants Fannie Mae and Freddie Mac, taxpayers inherited more than just bad debts. They're also potentially on the hook for tens ...
Property Transactions - Daily Review & Sunday ReviewAlmer E. Finnerty and Mary Kathleen Finnerty to Deborah J. Finnerty of Burlington for property in Burlington Borough for $10,000. Lasalle National Bank, EMC Mortgage Corp, POA, Lasalle bank National Association to Robin L. Farley of Canton for ...
The iceman cometh for naught - San Francisco GateThat would be the 91,000 tons of ice cubes intended to cool food, medicine and sweltering victims of the storm. It would cost taxpayers more than $100 million, and most of it would never be delivered. The somewhat befuddled heroes of the tale will be ...
New home construction hits a wall - Raleigh News & ObserverPermits for new homes are lowest in a decade; the drop foreshadows job and revenue losses Triangle homebuilders are parking their bulldozers as sales of homes in the region continue to plummet -- a trend that could mean more job losses and tighter ...
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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