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News about Mortgages:
In other Lafourche Parish Council action - Daily CometIn other Lafourche Parish Council actionDaily Comet... posted on all parish-owned buildings throughout Lafourche. Action: Appointed Darlene Perry to represent Thibodaux on the Home Mortgage Authority Board. ...and more »
Has the recession impacted your finances? - Houma CourierHas the recession impacted your finances?Houma CourierTerrebonne and Lafourche parishes combined have more than $1 million available to help families with rental or mortgage assistance, money for groceries, ...and more »
PECHON v. LOUISIANA DEPARTMENT OF HEALTH AND HOSPITALS - Leagle.comPECHON v. LOUISIANA DEPARTMENT OF HEALTH AND HOSPITALSLeagle.comLafourche Realty Co., 849 F.2d 955, 957 (5th Cir. 1988) ("[A]wards of attorney's fees may be appealed separately as final orders after a final determination ...and more »
Residents in need can apply for money with parish - Daily Comet (blog)Residents in need can apply for money with parishDaily Comet (blog)THIBODAUX — Residents who are unemployed and looking for assistance can contact the Lafourche Parish Office of Community Action for individual help. ...and more »
Area news in brief - Houma CourierArea news in briefHouma CourierTHIBODAUX — Unemployed residents in need of financial help should contact the Lafourche Parish Office of Community Action. The parish has $384965 in grant ...and more »

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Kraemer |
Lockport |
Raceland |
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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.
View all Terms |