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Restigouche in history - Campbellton TribuneRestigouche in historyCampbellton Tribune, Canada - Nov 11, 2008Deputy-mayor Armand Doucette says today that Campbellton taxpayers will face additional costs in the coming year in the wake of a meeting between municipal ...
Horror invades happy home - Toronto SunHorror invades happy homeToronto Sun, Canada - Dec 1, 2008By DON PEAT AND CHRIS DOUCETTE, SUN MEDIA OSHAWA -- The townhouse was supposed to be the start of their dreams -- not the site of their worst nightmare. ...
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