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Perry: Dump Turnpike Authority, plans for higher taxes - Cape Cod TodayS tate Rep. Jeffrey Davis Perry, R-Sandwich, has skewered proposals offered by Democrats to either raise Massachusetts Turnpike tolls or the state gasoline tax to meet the funding shortfall in the state's transportation budget. Perry said the state ...
Needy Fund: Mental health crisis ravages family - Cape Cod TimesNeedy Fund donations Previous total: $11,648.95 Joan Bentinck-Smith $4,000.00 The Anglo American Charitable Foundation Ltd. $2,542.45 Cape and Islands Realtors and Cape Cod Times Advertising Departments $615.00 Northside United Methodist Church $500 ...
Real-Time News - Newark Star-Ledger• Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game They met as teenagers, finding a common bond ...
Summit participants ponder Cape's economic, demographic problems - Cape Cod TodayA year ago, demographer Peter Francese warned the first Cape Cod Economic Summit that demographic trends showed that population growth on the Cape, long one of the fastest growing areas in New England, had essentially stopped, and that the Cape ...
Men accused in mortgage fraud scheme seek low bond - Southeast MissourianThe two men accused of pocketing almost $500,000 from a mortgage fraud scheme pleaded poverty Thursday in seeking a low bond while they await trial. U.S. Magistrate Judge Lewis Blanton set the bond at $20,000 each for Robert Wrolstad, 59, and Russell ...
Rift in House over DiMasi widens - Boston GlobeHouse Speaker Salvatore F. DiMasi, faced with ongoing ethics investigations and eroding support, is determinedly presiding over a deeply fractured House that is awash in speculation over how long he will remain in his post. In a series of private ...
Housing slump deepens as prices drop most in 26 years - Globe and MailSilver Standard (America is a welfare queen superpower) from Canada writes: Well guys in a few years I will finally be able to afford a house. I remember earlier this year I was insulted on this forum for saying such a thing. Prices are going to fall ...
The market's down, but not my house - Boston GlobeThe real estate market may be tanking and values plunging. But hey, don’t look at me. My home is actually gaining value! That seems to be the attitude of a surprisingly large number of homeowners amid the current downturn, a recent AP story found ...
Nouriel Roubini: I fear the worst is yet to come - Times OnlineAs stock markets headed off a cliff again last week, closely followed by currencies, and as meltdown threatened entire countries such as Hungary and Iceland, one voice was in demand above all others to steer us through the gloom: that of Dr Doom. For ...
Election 2008: Barack Obama in the news - NewsdayGeorgia residents packed polling places as early voting began in earnest this week, waiting as long as eight hours in line to cast ballots and forcing some voting sites to stay open deep into the night. Polls have been open in Georgia since Sept. 22 ...
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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