Iron Belt Mortgage Rates and Information Online from competing Lenders
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Birmingham Mayor Larry Langford arrested on federal charges - Everything Alabama BlogJoe Songer/Birmingham News Birmingham Mayor Larry Langford. Birmingham Mayor Larry Langford was arrested this morning on federal charges and is being held at the federal courthouse, the FBI and other federal officials confirm. See documents and past ...
UW System looks to cut costs - Milwaukee Journal SentinelNov. 26, 2008 12:48 p.m. | The University of Wisconsin System will take several steps to tighten its belt in light of the state's financial crisis, including restricting out-of-state travel, considering an accelerated three-year degree program and ...
Crash closes Crites Field in Waukesha - Milwaukee Journal SentinelNo injuries were reported. Flights were being directed away from the airfield, apparently because plane wreckage was blocking a landing strip. Neither emergency personnel nor airport officials were immediately available for comment. Nov. 26, 2008 2 ...
Did Russian Mafia loot Sandwich? Harwich charity to up the ante; Sea ... - Cape Cod TodayI nvestigators in Sandwich believe organized crime in Russia may be behind the disappearance of thousands of dollars in taxpayer money. Four illegal withdrawals were made over a 10-day period beginning Nov. 4. - Miller Sandwich Police Chief Michael ...
Viewing all entries for: November 2008 - Economist.com"The Realtors are reporting that foreclosure sales - that is distress sales being foreclosures or short sales - have risen from what they thought was 35% to 40% of all existing home sales, now they are saying it is 45% of all existing home sales ...
ALL STORIES FROM November 2008 - Staten Island AdvanceThe lowest cash gas price on Staten Island this morning is the Sunoco station at Armstrong Avenue and Arthur Kill Road in Great Kills. The station has a listed price of $2.21 per gallon of unleaded regular, according to NewYorkGasPrices.com . Fire ...
British haka rubbishing draws NZ fire - StuffSERIOUS WORDS: Piri Weepu leads the All Blacks haka in response to the Munster haka led by the home side's four New Zealanders. Anger is mounting over a UK columnist's virulent rubbishing of the haka and his call that it should be scrapped after next ...
November 2008 - Posts - MSNBC FirstreadSenate candidate Al Franken will not appeal a decision by the Minnesota State Canvassing Board, which today rejected the Democrat's request that rejected absentee ballots be included in the race's hotly contested recount. The canvassing board's ...
Tories reverse decision on political subsidies - Globe and MailCal Davidson from Canada writes: 'The memo urges MPs to fan out to their ridings this weekend and sell the government's message through forums such as talk radio. Mr. Giorno's e-mail stated that MPs must show that the current dispute with opposition ...
Save the Rust Belt! - Meganmcardle.theatlantic.comA few heartfelt pleas from native Michiganders who don't want to see their state destroyed. Several emails and comments complaining that I'm a heartless, effete New York type who doesn't understand that if the Big Three go down, some darn fine folks ...
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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