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Reverse mortgages hold promise for seniors - Greenville NewsReverse mortgages hold promise for seniorsGreenville News, SC - 16 hours ago... a senior housing counselor with the Greenville County Human Relations Commission. The AARP, however, says on its Web site that a reverse mortgage is an ...
Crescent State Bank Names Certified Mortgage Planner - PR-CANADA.net (press release)Crescent State Bank Names Certified Mortgage PlannerPR-CANADA.net (press release), Montenegro - Aug 24, 2008He earned a bachelor’s degree in business with a concentration in finance from East Carolina University in Greenville, NC in 1991. ...
Crescent State Bank Names Certified Mortgage Planner - PR-Inside.com (Pressemitteilung)Crescent State Bank Names Certified Mortgage PlannerPR-Inside.com (Pressemitteilung), Austria - Aug 21, 2008He earned a bachelor's degree in business with a concentration in finance from East Carolina University in Greenville, NC in 1991. ...
Mortgage Elimination Scheme - WLOSMortgage Elimination SchemeWLOS, NC - Aug 26, 2008The North Carolina State Bar has suspended a South Asheville attorney for his involvement in a debt elimination scheme. Attorney Paul Erickson's Asheville ...
Tri-Cities housing bucks national trend, home prices increase - Kingsport Times NewsTri-Cities housing bucks national trend, home prices increaseKingsport Times News, TN - 22 hours agoJust the last 120 days in the mortgage industry, it’s gotten even tougher to get loans through the system, though we’re managing to do it — and that’s ...
People in Business - Spartanburg Herald Journal (subscription)People in BusinessSpartanburg Herald Journal (subscription), SC - Aug 24, 2008Faulkner will join the bank's wholesale mortgage division in Greenville as a mortgage underwriter. She earned her associate of arts degree from Emmanual ...
Budget rift widens - The StateBudget rift widensThe State, SC - Aug 23, 2008Sanford’s swing through Greenville, Charleston and Florence was another episode in the ongoing rift between the popular Republican governor who has made ...
McCain ad tries to sow Democratic discord - TMCnetBoston GlobeMcCain ad tries to sow Democratic discordTMCnet - Aug 24, 2008Biden attended Sunday Mass at a church near his home in Greenville, Delaware. He left the service without commenting to reporters. ...McCain ad tries to sow Democratic discord TMCnetall 535 news articles
Mortgage Fraud Hotline Reports 180 people helped - News Channel 7Mortgage Fraud Hotline Reports 180 people helpedNews Channel 7, SC - Jul 23, 2008As expected, a significant number of calls have come from the state’s top three metropolitan regions: Richland-Lexington, Greenville-Spartanburg, ...
First National Bank of the South Opens New Branch in Lexington, SC - FOXBusinessFirst National Bank of the South Opens New Branch in Lexington, SCFOXBusiness - Aug 5, 2008... Bank's wholesale mortgage lending division provides services to community banks and mortgage brokers across the Southeast from its office in Greenville. ...

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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.
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