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Emergency Assistance Fund helps local nonprofits - Georgetown RecordThe Eos Foundation of Boston and Harwich Port, the Highland Street Foundation of Boston, the Fireman Foundation of Boston and an additional foundation donating anonymously have created a $1.1 million Emergency Assistance Fund. These funds will be ...
No more bailouts, America - Lowell SunWho will be next to ask for a bailout? The airlines again, the entertainment business, retail stores, hotels and motels or the supermarkets? I recently read an article in which the individual said, "Various government leaders, corporate titans and ...
GOP fix begins by tuning out radio squawk - Lowell SunHow can the Republican Party rebound? The first step would be to quit letting Rush Limbaugh, Sean Hannity and Laura Ingraham set its agenda. A second step would be for Congressional Republicans to actually try to help President-elect Barack Obama ...
Pirates Lose to Devils 5-1 - OurSports CentralPortland, ME - The Pirates suffered their fifth straight loss by a score of 5-1 to the Lowell Devils. Lowell came out with all the jump in the first period and grabbed a 3-0 lead, leaving Portland trying to fight back throughout the game. The Devils ...
Latest News - dBusinessNews.comMaurice's Gourmet Barbeque Recognized by Kiplinger's Personal Finance Magazine COLUMBIA -- Maurice's Gourmet Barbeque is pleased to announce the ... Microsoft and EMC's RSA Security Division Team Up to Help Customers Secure Sensitive Data HOPKINTON ...
Column: Someone should go to jail over financial crisis - U-Wire.comLet’s say hypothetically that because of a few bad decisions and utter negligence on my part, I destroyed the Washington Monument. People would be upset. School children would lose a quality backdrop for photographs. Jerry Bruckheimer would no ...
Veteran judge in line for SJC - Boston GlobeGovernor Deval Patrick today is expected to nominate Superior Court Judge Ralph Gants as an associate justice of the Supreme Judicial Court, according to an official briefed on the nomination. Gants, 54, of Lexington, would fill the seat left vacant ...
Veteran judge nominated for SJC - Boston GlobeGovernor Deval Patrick today nominated Superior Court Judge Ralph Gants to be an associate justice of the Supreme Judicial Court. "Judge Gants brings a powerful combination of strong intellect and real world understanding. He has been a thoughtful ...
Exclusive: Big Government Fixes – Big Government Problems - Family Security MattersLooks like we’re in for more federal government and that can’t be good. Democrats have convinced most of us that our economic distress results from lack of regulation rather than too much. Whether that’s true or not (and it isn’t) doesn’t ...
Pirates Lose to Monarchs, 3-1 - OurSports CentralBuy sports tickets at CTC! Find cheap MLB baseball tickets , NFL football tickets , NBA basketball tickets , PGA golf tickets , NASCAR Race tickets , college sports tickets , concert tickets and theater tickets . Buy NFL Tickets , MLB Tickets , NBA ...
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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