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NDP-GPC-LPC = 52% of the vote. - Globe and Mail
J. Michael from Canada writes: Clark Kellog from Calgary - I do not disagree, but obviously the GG is not really making any decision. It comes down to what the elected body that decides. I am happy with that. The GG is only a head, I figure! Go to an ...

Jurors hear confession tape in Randolph murder trial - Newark Star-Ledger
After police caught Jonathan Zarate and two teen-agers trying to dump a trunk containing a Randolph girl's beaten and dismembered body into the Passaic River in Rutherford, Zarate told an investigator he had found his next-door neighbor dead. "I ...

Couple 'operated benefit fraud' - This is South Devon
A COUPLE who operated a £6,000 benefit fraud to help pay their mortgage have ended up having to fork out more than £37,000 between them or face prison. Exeter Crown Court heard Paul and Tracey Drake used the money for mortgage repayments on a ...

Political Insider - Atlanta Journal Constitution
The entry titled "Call him D'Artagnan: Giuliani completes a GOP parade of presidential ex's," and any of the comments about it. John McCain, Mike Huckabee, Mitt Romney. Somebody’s missing. Ron Paul? No, not Ron Paul. Giuliani. Yes. Rudy Giuliani ...

Galloway: What McCain and Obama didn't say in their debate - Salt Lake Tribune
Two words were never uttered by either candidate or by the moderator during Wednesday night's 90-minute final presidential debate between John McCain and Barack Obama: Iraq and Afghanistan. Those two words, those two wars, have cost a cash- and ...

More southern New Jersey schoolchildren eating for free or for less - Atlantic City Press
Students get their lunches Wednesday in the cafeteria at Reeds Road Elementary School in Galloway Township. New Jersey schools get more than $175 million per year in federal reimbursement for breakfast and lunch programs. Danny Drake / The Press of ...

Canadian banks may not need any govt aid - TD Bank - Reuters
TORONTO, Nov 12 (Reuters) - Canadian banks should be able to get through the financial crisis without relying on the kind of government aid that is being deployed to financial institutions in other countries, Toronto-Dominion Bank's (TD.TO: Quote ...

Michelle Singletary - Washington Post
Personal finance columnist Michelle Singletary hosted an online discussion with Gary Weiss , author of "Wall Street Versus America: A Muckraking Look at the Thieves, Fakers, and Charlatans Who Are Ripping You Off," on Thursday, Oct. 23 at Noon ET ...

LoBiondo, Kurkowski debate mixes issues, personal exchanges - Atlantic City Press
GALLOWAY TOWNSHIP - More than 200 people packed a college lounge Monday to watch U.S. Rep. Frank LoBiondo, R-2nd, and Democratic challenger Dave Kurkowski face off in their lone one-on-one congressional debate. LoBiondo and Kurkowski, a Cape May city ...

Answers to your financial forum questions - Bay News 9
BAY NEWS 9 -- To help you during these extraordinary financial times, Bay News 9 and BayNews9.com hosted a financial special Wednesday afternoon. Financial experts in the Bay News 9 studios answered questions about the stock market, investing ...

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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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