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November 2008 - Posts - MSNBC FirstreadSenate candidate Al Franken will not appeal a decision by the Minnesota State Canvassing Board, which today rejected the Democrat's request that rejected absentee ballots be included in the race's hotly contested recount. The canvassing board's ...
Taxing traffic congestion - Atlanta Journal ConstitutionRepublicans are finding a way to tax traffic congestion. The formula is to take a road already built with public money — 14 miles of I-85, starting between Spaghetti Junction to Old Peachtree Road — and levy a tax on one lane. The tax changes ...
Vt. bankruptcies up 44 percent - Rutland HeraldBankruptcies in Vermont are piling up at a rapid pace coinciding with an economy that continues to head south with no bottom in sight. Bankruptcies have soared 44 percent so far this year with 1,112 filings compared to 773 for the comparable period ...
Group Plans to Buy Lyme Country Store, Establish Cooperative - Valley NewsLyme -- J.J. Pippin was wearing a shirt that read “Take your sweet time,” but her morning was shaping up to be anything but relaxed. Pippin, 39, who runs the Lyme Country Store with her parents, was at the cash register one morning last week ...
Families on the brink Area agencies see a spike in requests for help ... - Register-GuardNothing about the past five months has been easy for Thomas Henderson. An assembly line worker at Monaco Coach Corp. in Coburg, the 39-year-old divorced father of three was among the temporary layoffs in June, leaving the family with no steady source ...
Lane County families fight to keep their homes - World LinkEUGENE — Nothing about the past five months has been easy for Thomas Henderson. An assembly line worker at Monaco Coach Corp. in Coburg, the 39-year-old divorced father of three was among the temporary layoffs in June, leaving the family with no ...
COMING TO LOWELL: Group helps steer needy to better lives - Lowell Sun"We don't do this for people who can't afford it," says Bonnie CLAC CEO Terri Steingrebe. "It's for people who really want to work to change." COURTESY PHOTO Lynn Rothemich pieced her life back together one part at a time. Living at a sober house for ...
Braves fans, it just feels late - Atlanta Journal ConstitutionIt’s Thanksgiving and we’re all thankful for something, most of us for a whole lot. So have a good one, everybody, and try to be thankful for what you have despite these rough times. We’re glad you come here to the Braves/Man In Black blog ...
November 2008 (146) - MSNBC FirstreadThe Obama team has put out a statement condemning today's coordinated terror attacks in Mumbai, India. Here's the text: "President-Elect Obama strongly condemns today's terrorist attacks in Mumbai, and his thoughts and prayers are with the victims ...
Rob Douglas: It’s time to temper Obama expectations - Steamboat Pilot & TodayIn the spring of 1968, the Rev. Martin Luther King Jr. and Sen. Robert F. Kennedy were slain by assassins’ bullets, igniting a summer of discontent marked by riots and the burning of American cities. That August, frustration with the Vietnam War ...
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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