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Will government bailouts help homeowners? - KGOOAKLAND, CA (KGO) -- Mortgage rates are fluctuating daily as financial institutions try to figure out how this bailout is going to play out. Homeowners are also trying to figure out how it will affect them, especially ones facing foreclosure. "I'm ...
Ask AP: Hurricane reporters, property in Cuba - CNBCWhenever a big hurricane hits, members of the news media — from the windblown reporter you see on TV to the journalists who write stories, take photos and shoot video — need to station themselves near the eye of the storm to do their jobs. But ...
Local office market could take hit from Lehman Bros. woes - Washington Business JournalWith banks across the country racing to offload commercial mortgage securities before a bankruptcy judge puts Lehman Bros.’ securities on the market, local industry players are trying to gauge the impact of the largest bankruptcy in history on the ...
Excerpts from editorials in Florida newspapers - Miami HeraldSept. 9 (Melbourne) Florida Today, on how the devastation in Cuba caused by hurricanes Gustav and Ike should lead to open ties with the island: Hurricane Ike is continuing its rampage across Cuba, bringing more suffering and misery to the island's 11 ...
McCain and Obama on the issues - FOX NewsMcCain: Opposes abortion rights. Has voted for abortion restrictions permissible under Roe v. Wade, and now says he would seek to overturn that guarantee of abortion rights. Would not seek constitutional amendment to ban abortion. Obama: Favors ...
Judge OKs sale of some of Lehman Bros. assets - Denver Business JournalDespite receiving nearly 70 objections to Lehman Bros. Holdings Inc.’s proposed asset sale to Barclays Capital Inc. — including an objection from Fannie Mae — the judge in Lehman’s bankruptcy case approved the sale Sept. 20. At least one ...
What's McCain Got Against Spain? - NationThe McCain campaign has continually tried to downplay John McCain's repeated gaffes on foreign policy issues, his supposed strong suit. So it will be particularly interesting to see how they spin McCain's bizarre interview with a Spanish language ...
Obama, McCain on the issues - CNBCMcCain: Favors unspecified boost in U.S. forces. Obama: Would add about 7,000 troops to the U.S. force of 36,000, bringing the reinforcements from Iraq. Has threatened unilateral attack on high-value terrorist targets in Pakistan as they become ...
European Stocks Drop, Led by Anglo American, Rio Tinto, Total - BloombergSept. 9 (Bloomberg) -- European stocks fell, led by mining and energy companies, as investors speculated the economic slowdown will hurt demand for metals and oil dropped to a five- month low. Anglo American Plc sank 8.2 percent and Rio Tinto Group ...
On the issues: Where McCain, Obama stand - Philadelphia InquirerMcCain: Opposes abortion rights. Has voted for abortion restrictions permissible under Roe v. Wade , and now says he would seek to overturn that guarantee of abortion rights. Would not seek constitutional amendment to ban abortion. McCain: The ...

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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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