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News about Mortgages:
The Good, The Bad and The Beautiful in 2008 - Brooklyn Daily EagleThe Good, The Bad and The Beautiful in 2008Brooklyn Daily Eagle, NY - Dec 31, 2008Three months since the Brooklyn Children’s Academy Preschool-known as Boerum Hill’s “toxic preschool”—was shut down, dozens of parents and teachers were ...
The year in review - Selah IndependentThe year in reviewSelah Independent, WA - Dec 30, 2008Jeff, a fighter pilot, is a 1989 graduate of SHS and a 1992 graduate of the US Air Force Academy. Longtime Selah Police officer Stacy Dwarshuis was hired as ...
Bush pardons 19, commutes 1 sentence - Washington TimesWashington TimesBush pardons 19, commutes 1 sentenceWashington Times, DC - Dec 23, 2008Those who were pardoned Tuesday were convicted of crimes ranging from drug offenses to mortgage fraud. In addition to Mr. Winters and Mr. Toussie, ...
2009 Reality TV Winter Preview: Coming soon to a TV near you - Reality TV World2009 Reality TV Winter Preview: Coming soon to a TV near youReality TV World, MA - Dec 26, 2008As long as that house doesn't come with a mortgage, those dogs should be all set. American Idol creator Simon Fuller and former Idol producer Nigel Lythgoe ...
Today's Mortgage Terms starting with I
Index: An index is usually a widely published market rate such as LIBOR, T-Bill or 11th District Cost of Funds (COFI). Lenders use these indices to set the interest rates charged on mortgage loans. For ARM, a predetermined margin is added to the index to calculate the interest rate adjustment.
Initial Rate: The rate charged for the first interval of an ARM loan.
Interest: Compensation in the form of money paid for the use of money.
Interest Rate Cap: Caps limit the range that the interest rate on an adjustable rate mortgage can change in an adjustment interval during the term of the loan.
View all Terms