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All you wanted to know about the John Ross auction – and more - Hillsboro Argus - OregonLive.com (blog)Hillsboro Argus - OregonLive.com (blog)All you wanted to know about the John Ross auction – and moreHillsboro Argus - OregonLive.com (blog)I attended REDC's auction for Buena Vista Custom Homes' inventory in December 2007 and Accelerated Marketing Partners September 2009 auction of the Atwater ...and more »
Real Estate: Metro Orlando housing starts fell in 4th quarter - Orlando SentinelOrlando SentinelReal Estate: Metro Orlando housing starts fell in 4th quarterOrlando SentinelDeBartolo Development LLC recently purchased Mystic Pointe Apartments, with 373 units, in the Lake Buena Vista area. Edward Kobel, president of DeBartolo, ...
Yonkers Mayor Phil Amicone's State of the City address - Politics on the Hudson (blog)Yonkers Mayor Phil Amicone's State of the City addressPolitics on the Hudson (blog)Mortgage and real estate transfer taxes are down because of the depressed housing market. Even property taxes are lagging behind just because people are ...and more »
Chamber of Commerce small business nominees - Sierra Vista HeraldChamber of Commerce small business nomineesSierra Vista HeraldAccording to Joe T. Stroud Jr., president of EF Edwards, his company is dedicated to providing honest residential and commercial real estate mortgage loan ...and more »

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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.
View all Terms |