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News about Mortgages:
For The Record - Charleston Daily MailThe e-mail address(es) that you supply to use this service will only be used to send the requested article. - Stephen J. Jr. and Vickie L. Shaluta to David A. Tankersley. Lot, Jefferson District, $85,000. - William Swain and Debora C. Russell to ...
Juárez violence boosts quests for El Paso homes - El Paso TimesConcern for the safety of his family was part of the reason Juárez resident Pedro Chavarria recently bought this new $115,000 home in Socorro. He planned to buy a home in El Paso before violence escalated in Juárez, he said. "Now that the violence ...
Real estate notes - Marion Chronicle-TribuneThe following is a list of real estate transfers collected from the Grant County Courthouse. Purchase prices are not available in Indiana and, therefore, are not listed with the transaction. Land transfers Aug. 12 through 18 Grant County Sheriff ...
Club News: Speaker to discuss beefing up old houses with new rooms - Salem NewsThe Peabody Historical Society has a busy late winter/early spring on tap with a number of special events and meetings planned. "New Rooms for Old Houses," an illustrated talk by architect Frank Shirley, is set for Sunday, March 9, at the Felton ...
Corrections and clarifications - Milwaukee Journal SentinelAn article Tuesday about Hispanic voters in the Midwest incorrectly identified Phil Walzak. He is a spokesman for Democrat Barack Obama's presidential campaign, not for Republican John McCain's campaign. A quote Tuesday in a Public Investigator ...
Surreal Estate - San Francisco GateIn a time when tens of thousands of people are losing their homes to foreclosure, house prices are falling and the mortgage industry is being criticized for its part in the credit crisis, it's not surprising that some disputes end up in court. But ...
November 2007 - NationI've blogged in the past about efforts in South Dakota to impose draconian restrictions on the women of the state's right to choose. Falling short of their ultimate goal of overriding Roe v. Wade, the state's anti-abortionists gained a major victory ...
December 2007 - NationThe final piece of the first season of This Brave Nation, the Brave Nation Young Activist Award was designed to celebrate a next generation of progressive activism. A collaboration between The Nation and Brave New Films, This Brave Nation comprises ...
People on the Move - Orlando Business JournalThe Edyth Bush Charitable Foundation elected Rick Walsh to its board of directors. He was selected after an extensive search process that included an internal assessment of skill sets of current board members along with the board’s projected skill ...

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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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