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Jonathan Davis: Reality check for consumers on rate cut - yorkshirepostTHE Bank of England interest rate has been slashed from five per cent in September 2008 to, now, 1.5 per cent. No doubt the eternal optimists (banks, estate agents, mortgage brokers, property developers, car dealers, furniture showrooms etc) will say ...
'Extreme Makeover' parties planned - Peoria Journal StarTwo special events are planned to commemorate the "Extreme Makeover: Home Edition" television show featuring Jake Grys and his family. The Pekin Public Library will host a behind-the-scenes look at the show beginning at 10 a.m. Saturday. The Grys ...
FAST MONEY FAVORITES - CNBC[ US@CL.1 Loading... ( ) ] closed around $45 per barrel on the last day of 2008 -- surging 14% in the final day of trading -- and wrapping up what has been the most turbulent year ever in crude markets. In just five months, crude has ...
Cocktail Kings Shake Up Bar Business - Washington PostAt PX, Todd Thrasher has created a drinking establishment that seats just 32 and where the focus is on quality. (By Meshelle Armstrong) Todd Thrasher owns a part of Restaurant Eve and has created PX, where he mixes with house-made tonics and bitters ...
Michel Nolan: Looking at what's ahead in '09 - San Bernardino County SunThis time of year, we're up to our earlobes in lists. They're everywhere - Top 10 News Stories of 2008; Milestones; Biggest and Best; Least and Worst; Dumbest Criminals. The year's Movies; Songs; Books; Storms; Cars; Moments in Sports; Triumphs ...
Housing problem expands in state - Richmond Times-DispatchThe number of foreclosures in Virginia more than doubled during the first 11 months of 2008, compared with all of 2007. Data analyzed by the Richmond Times-Dispatch show 27,938 foreclosures statewide in the 2008 period for all property types ...
Sign Up for Bleacher Report - Bleacherreport.comYou must register in order for that functionality to work! When a craftsman performs his skilled task, he uses tools that work well and do not break under pressure or at critical times. So why in the world do the elite snipers of the NHL choose to ...
A roll call of some who died in 2008 - Columbus TelegramFrom the summit of Everest, the top of the world, to the intricate workings of the human heart. From outer galaxies to the dungeons of Stalin’s gulag. Sir Edmund Hillary was the first man to stand atop the world’s highest mountain. Dr. Michael ...
Final goodbye: A roll call of some who died in ‘08 - Dickinson Press & AdvertiserFrom the summit of Everest, the top of the world, to the intricate workings of the human heart. From outer galaxies to the dungeons of Stalin’s gulag. Sir Edmund Hillary was the first man to stand atop the world’s highest mountain. Dr. Michael ...
New Orleans renovation project delays threaten lucrative GO Zone ... - New Orleans Times-PicayuneMatt Rose / The Times-Picayune Hopes are strong that $225 million in GO Zone bonds will be used to repair the Hyatt Regency hotel, which has been shuttered since Hurricane Katrina. Similar renovation projects using GO Zone money are delayed or ...
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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