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Plimoth Plantation opening day - Wicked Local PlymouthPlimoth Plantation opening dayWicked Local PlymouthAt 11 am, Dorothy MacMullen, curator of the Marshfield Historical Society, will speak on “LB Howard and Late 19th Century Tourism Photography on the South ...
Auditions for Shakespeare on the Rock - Wicked Local PlymouthAuditions for Shakespeare on the RockWicked Local PlymouthAt 11 am, Dorothy MacMullen, curator of the Marshfield Historical Society, will speak on “LB Howard and Late 19th Century Tourism Photography on the South ...and more »
Rotary Club annual auction - Wicked Local PlymouthRotary Club annual auctionWicked Local PlymouthThis year, the annual auction will be carried by PACTV on Comcast channel 13 in Plymouth, Carver, Kingston, Duxbury and Marshfield. ...and more »
Column: Let's focus on job creation - Wausau Daily HeraldColumn: Let's focus on job creationWausau Daily HeraldThe Wausau area is blessed with three dynamic, quality-based medical systems in the Marshfield Clinic, Aspirus and Ministry Health Care -- and each of these ...and more »
Business briefly: March 3 - Wicked Local PlymouthBusiness briefly: March 3Wicked Local PlymouthTwo free educational and informative homebuyers workshops will be held in March at Advance Mortgage Services, 25 Main St., Plymouth. ...
Spitz: Natick mom hopes family can keep home - Weston Town CrierSpitz: Natick mom hopes family can keep homeWeston Town CrierShe received a notice from a Marshfield law firm dated Jan. 29 saying she could keep her home if she paid $385000. A few days later, a friend called to say ...and more »
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