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Senecas’ casino plan draws ill will in Catskills - Buffalo News
The Seneca Nation of Indians’ surprise announcement Saturday that it plans to open a casino in the Catskills caught a lot of people off guard, including the supervisor of the town where the casino is supposed to be located. Anthony P. Cellini ...

Commissioners still concerned about budgets - Seneca County Advertiser-Tribune
The Seneca County commissioners approved a budget for 2009 that included 5 percent cuts in spending compared to 2008. More cuts still may be necessary, however. The commissioners said Tuesday they want department heads to finish making contingency ...

GMAC gives up power to finance GM cars - Buffalo News
DETROIT — GMAC LLC will no longer have exclusive rights to provide no-or low-interest loans to people who take advantage of General Motors financing incentives, as part of the complex deal that gave the troubled lender billions in federal aid. The ...

WINTERGARDEN DEMOLITION PUT ON HOLD: USA Niagara reneges on deal with ... - Niagara Falls Reporter
Analysis By Frank Parlato Jr. In an interesting twist of circumstances, the reported "done deal" for USA Niagara to buy and demolish the Wintergarden has, at least temporarily, fallen apart. According to sources close to the situation, the state has ...

Economy makes top news for 2008 - Carteret County News
MOREHEAD CITY — Carteret may be a coastal county, but for another year it’s proven it doesn’t need a hurricane to make headline news. Instead of storms, wind turbines, happenings at the N.C. Maritime Museum, plane crashes, condo fires and more ...

Category: 100% Pure Cheese - Popwatch
I'm not gonna lie to you: I stopped watching Dancing With the Star s somewhere around the start of season 4, mainly because the viewing experience started reminding me of those mornings where you're in the shower, and for the love of all that's holy ...

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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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