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Valour Way a better bet than Heroes Boulevard: MP - Edmonton Sun
All soldiers have valour, but not all are heroes, according to an Edmonton MP. Peter Goldring said that naming 97 Street Valour Way could break through opposition to renaming the Edmonton road in honour of soldiers at the Edmonton garrison. Goldring ...

Ultimately only time can fix this economy - Minneapolis Star Tribune
Let's ponder the achievements so far of the government's "Troubled Asset Relief Program." In little more than three weeks, we are now on Plan II. Treasury Secretary Henry Paulson's $700 billion emergency initiative to thaw frozen credit markets ...

Paulson, Bernanke defend $700B bailout - Edmonton Sun
WASHINGTON (AP) — Treasury Secretary Henry Paulson expressed fresh reservations Tuesday about tapping a $700 billion bailout pool to provide mortgage guarantees to help stem soaring home foreclosures. Paulson and Federal Reserve Chairman Ben ...

'Steady as she goes' - Winnipeg Sun
Lt.-Gov. John Harvard delivered Manitoba's provincial throne speech yesterday, outlining the NDP government's plans for the coming year. Those plans include a flurry of bans on everything from plastic bags and making phone calls while driving to ...

Energy prices knock inflation for loop - Ottawa Sun
Sharply falling energy prices took the steam out of inflation last month, cutting the overall rise in Canadians’ cost of living to 2.6 per cent, down from 3.4 per cent in September. On a month-to-month basis, consumer prices fell one per cent in ...

U.S. home construction sinks to record low - Winnipeg Sun
WASHINGTON — Construction of new homes in America plunged last month to the lowest level on records going back nearly 50 years as U.S. builders slashed production while Wall Street nosedived. Embattled homebuilders, who enjoyed a five-year boom ...

Matter of Record, November 17 - Wichita Falls Times Record News
Jo Nash vs. Kelly Wilson, 2131 Ave. F, $200,000.00, V3305 P885. Gary Writtenhouse vs. Jeff Prine, 1511 Nunneley Pl., #5, $1,248.37, V3306 P576. Workman, Tammy Michele, Wichita County, Chapter 7, Date Filed Oct. 29, Case No. 08-70448. Frazier, Phillip ...

November 2008 - Kansas City Star Blogs
This Kansas City Star blog is a place to respond quickly to letters to the editor published in The Kansas City Star and to read other contributors' feedback.

Nash Finch reveling in the calm - Minneapolis Star Tribune
The good news about Nash Finch Co. is that there hasn't been much news lately. That's probably a welcome relief to the Edina-based food distributor and retailer. Over the past few years, Nash Finch has endured management turmoil, slumping sales, a ...

TD boosts mortgage rates - Edmonton Sun
Mortgage rates in Canada are heading higher as fears of inflation resonate through the bond market while U.S. legislators move towards agreement on a $700 billion US bailout plan for Wall Street banks. The story you are searching for is available in ...

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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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