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Bargains Galore!--25% Discount on Everything in Puerto Vallarta ... - Best SyndicationWell, it appears as though the effects of the mortgage crisis in the US which began in March, 2008 followed by the collapse of the stock market in October, 2008 are finally being felt in Puerto Vallarta. Thanks to the strong Canadian Dollar, tourist ...
Economy stalls Waveyard project, but developers optimistic - AZCentral.comThirteen months ago, Mesa voters gave overwhelming approval to the idea of selling Riverview Golf Course and four nearby ball fields to a company that wants to build a water-sports paradise on the land. In the aftermath of that election, the founders ...
Arts promoter buys building in Easthampton that was once planned for ... - Union-News & Sunday RepublicanEASTHAMPTON - With a vision of turning it into a regional performing arts center, David F. Oppenheim purchased the former Easthampton Dye Works building at auction on Tuesday. His winning bid was $210,000. Oppenheim, who owns and operates the Pioneer ...
The HUB closing in on $500,000 in total donations - Challis MessengerThe HUB has donated $33,040 back to the community for 2008, bringing the grand total to $496,640 since this thrift store began operations back in 1976-77. If the trend continues, the charitable organization will surpass the half-million dollar mark ...
Retirement funds suffer huge losses - Florida Times-UnionThe two largest retirement funds for Jacksonville's city employees have declined by more than $700 million collectively in the past 15 months. The losses - about 25 percent in each account - have not been as crushing as that of the Dow Jones ...
Meyerson: Two lessons from the 2008 meltdown - Record SearchlightLesson One: If it's big and you don't regulate it, you end up nationalizing it. One of the major lessons of the year is that unregulated and under-regulated capitalism ends up confronting democratic governments with a subprime choice: Either let a ...
Jeff Pelline: A year to ring in change - UnionThis weekend, my family and I are riding along a decades-old passenger railroad route, but we’re contemplating the future. We boarded the California Zephyr in Colfax on Friday for a long and scenic train ride across the Sierra and Rockies to Denver ...
Changing of presidential guard to ripple Mid-South - Memphis Commercial AppealWASHINGTON -- An Obama administration is expected to make a big and immediate impact nationwide, with tangible changes occurring in Memphis as the new president takes over. In three policy areas in particular -- worker classification, agricultural ...
CapeCodToday Blog Chowder - Cape Cod TodayWelcome to CapeCodToday's Blog Chowder! This page aggregates the most recent postings from all the CapeCodToday bloggers for your convenience. Bookmark this page or see below left for RSS options. I remember the OJ trial. There was a lot of evidence ...
Up Next - CBS NewsIS IT MURDER? - With drunken driving fatalities staying constant despite all the campaigns against the crime, some prosecutors are pursuing harsher penalties against perpetrators, including long prison terms for those who caused deaths. Bob Simon ...
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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