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Business happenings around the county - Everett HeraldSteve Litch, of Western Facilities Supply in Everett, recently completed a sales seminar offered by Spartan Chemical Co., one of Western's suppliers. Tom Gray retires today as executive director of Bethany of the Northwest. Gray led Bethany for 14 1 ...
Mayor's speech pushes for UW - Everett HeraldEVERETT -- In his fourth annual state of the city address Tuesday morning, Everett Mayor Ray Stephanson urged community leaders to travel with him Olympia this week to rally behind putting a UW branch campus in Everett. In a wide-ranging speech ...
PHOTOGRAPHED BY HARLEY SOLTES - Seattle TimesTHE NEON SIGNS float like beacons in the night sky at one end of a welcoming, spacious downtown: red, tempting and foreign. GO BY TRAIN pleads one. GO BY STREETCAR urges the other. Something tells me we're not in Seattle anymore, Toto. No, we're in ...
Wells Fargo and Opus Northwest donate $60,000 to aid community ... - CSR Wire(CSRwire) Wells Fargo and Opus Northwest, L.L.C. are partnering with Seattle LISC to build critical affordable housing and revitalize distressed neighborhoods throughout Puget Sound. The two organizations donated a total of $60,000 to LISC (Local ...

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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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