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State scores well in credit card, mortgage payment delinquency - Burlington Free Press
NEW YORK -- Vermont scored well in measures of credit card and mortgage payment delinquency in the third quarter, according to credit reporting agency TransUnion LLC. For the quarter that ended Sept. 30, 3.96 percent of people holding a mortgage were ...

Property Transactions - Daily Review & Sunday Review
Almer E. Finnerty and Mary Kathleen Finnerty to Deborah J. Finnerty of Burlington for property in Burlington Borough for $10,000. Lasalle National Bank, EMC Mortgage Corp, POA, Lasalle bank National Association to Robin L. Farley of Canton for ...

Delay frustrates displaced tenants - Hawk Eye
Displaced tenants arrived at the Burlington Apartments Monday morning ready to return home. Instead, they were greeted with news that problems with the building's fire suppression system would postpone the homecoming. By the evening, tenants were ...

COTS works to prevent homelessness - Burlington Free Press
The Giving Season is The Burlington Free Press' annual holiday appeal to help those in need in our community. Now in its 14th year, the campaign continues to focus on three core agencies that provide people's most basic needs. The Committee on ...

ReMax says house prices to drop five per cent by 2009 across Canada - News1130.com
VANCOUVER, B.C. - Housing prices will fall about five per cent across Canada by the end of 2009 as a slumping economy takes a bite out of consumer confidence, says the ReMax realtor company. The biggest drops are expected to come in major cities in ...

ReMax says house prices to fall - Edmonton Sun
VANCOUVER — Housing prices will fall about five per cent across Canada by the end of 2009 as the slumping economy takes a bite out of consumer confidence, says the ReMax realtor company. The biggest drops are expected to come in major cities in ...

Matter Of Records: December 1 - Wichita Falls Times Record News
Kell Propane vs. M.A. Flaharity, 199 Homestead Ln., $211.40, V3308 P579. AT&T Advertising LP vs. Bruce Harris, 3002 Speedway, $4,396.00, V3308 P853. The Estate of Richard Lynn Fanchier, et al, vs. Wichita Falls Care Center Inc., 7473 Row 25, Orland ...

Retail Bright Spots This Holiday Season - Seekingalpha.com
I know that we are in the midst of an economic recession and analysts are expecting a terrible holiday season for retailers. But I think that some retailers actually do okay. Will people shop as much as in years past? Obviously not. But I think the ...

Corzine pays Katz relative $362,500 - Newark Star-Ledger
Corzine, 61, is up for re-election next year and also plans to continue his role as an adviser to Barack Obama. He was on the short list of candidates to be Treasury secretary in the Obama administration, a job that ultimately went to Timothy ...

Hanover Affordable Housing Has Tenants - Valley News
Affordable housing generally means that qualified renters or buyers pay no more than 30 percent of their income in rent or mortgage. Many of the families qualifying for the affordable apartments and townhouses at Gile Hill earn between $22,000 and ...

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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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