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Prosecutor let go after KPD stop - Knoxville News SentinelPlease download the latest version of Adobe Flash Player , or enable JavaScript for your browser to view the video player. A Knoxville police officer told a Knox County prosecutor he was doing her a favor by letting her drive home after the officer ...
Homes could replace swim center - Tracy PressThe Tracy Planning Commission is being urged at its Dec. 3 meeting to annex 321 acres into city limits, OK the construction of 2,250 homes, and allow extra houses should plans for a proposed swim center and commercial buildings fall through in a ...
Business people in the news: Nov. 30 - Knoxville News SentinelRobert Breeden has received the Eastern Division President's Award for distinguished service from the Life Care Centers of America. He is executive director of the Heritage Center in Morristown. Darren Cardwell has been promoted to president and CEO ...
Grey Bruce Poetry Project - Owen Sound Sun TimesWelcome to the Poetry Project - a place to share your poetry and to enjoy the many voices of our community. Take a look at our community forum for Grey/Bruce poets. Submit your poems. Add links to your favorite poetry sites. Load up audio or videos ...
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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