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Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. See the complete Your Money Matters report. The 35-year-old software-development project manager, who lives in Cary, N.C., has been socking ...
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Land Transactions - Clanton Advertiser• American General Financial Services of Alabama, Inc. to Rene Delano, land located in Section 23, Township 22, Range 13. • Larry Davis and Darlene Davis to Frank Venezia and Mary Venezia, land located in Section 10, Township 23, Range 13 ...
Whobegotyou set for greatness - AgeHIGH-CLASS three-year-old Whobegotyou seems to have a mortgage on Saturday's Victoria Derby following his win in yesterday's AAMI Vase at Moonee Valley, but connections believe he will be even better next year. After coming from near last with a 1000 ...
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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