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CSL needs help for holiday season - Blue Springs ExaminerAs the Thanksgiving and Christmas holidays draw closer, Sue Crumpton admits she is terrified. As the director of the Community Services League, Crumpton said the CSL has already seen an increase of 27 percent in new families that have never received ...
Facing the Thanksgiving dinner dilemmas - Buffalo NewsNews Food Editor Decisions, decisions –always decisions. You might think that Thanksgiving dinner was a given. A formula, frozen in tradition. Carved in stone. You might think that – but you would be wrong. The preparation of each and every ...
Berks County Week in Review - Reading EagleA recap of the week’s top news stories including details of the 2009 Berks County budget, an update on a proposed rail line from Wyomissing to Philadelphia, Boscov's receives financial aid from the federal government, and a new veterans memorial is ...
Republican Hopper wins Fox Valley Senate seat - Milwaukee Journal SentinelThere was the thrill of selection, the agony of its top snapping off after it was cut down, the humiliation of it being joked about on cable news. Today the 45-foot Colorado blue spruce will finally get to serve its purpose. Milwaukee County ...
Sweet Home dethrones Aquinas - Buffalo NewsIf you're going to make the final four in high school football from the Western part of the state, you're going to have to win football games this weekend at the University at Buffalo. Sweet Home and Maple Grove did just that Friday night. Sweet Home ...
OP, Southwestern make Section VI football 4 for 5 - Buffalo NewsOrchard Park and Southwestern helped Section VI to a historic Far West Regional weekend Saturday. After Sweet Home (Class A) and Maple Grove (D) both won Friday night, Southwestern (C) and Orchard Park (AA) won their games to give Section VI a best ...
2008 Gift Guide: Big boxes to make your holidays bright - Cleveland Plain DealerThere are plenty of excuses, if you want them. The mortgage crisis. The credit squeeze. The weather (it was 60 degrees on Friday). The traffic lights on Euclid take too long to turn green. But let's face it: You and I and Aunt Ida aren't going to ...
Homeowners' new reality: You're suddenly poorer - Globe and MailAdil Burney from Canada writes: For 2009, CREA is delusional. Suppose we end December 2008 at -9% YoY. To end up a -2% for the full year 2009, we would probably have to bottom in December 2008 and then get to a around 7% by late 2009. CREA is talking ...
Forbes says Sharks made money, Sharks say no - San Jose Mercury NewsOct 29: Ducks down Detroit in OT Sharks Coach Todd McLellan faces former team Next for Sharks: Detroit Red Wings The annual Forbes NHL franchise rankings came out Wednesday, and the Sharks' rebuttal followed. The business magazine ranked the team ...
Economic pressure requires you to better cope with stress - Cleveland Plain DealerDon't panic. That's the advice we hear from every financial expert regarding our current economic crisis. No one however, is telling us how to accomplish this task. The current state of the American economy has everyone's anxiety at an all-time high ...
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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