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Bolingbrook Real Estate Transfers - Bolingbrook SunReal estate transfer information is public record and is examined regularly by financial institutions, real estate agents and companies that sell products to homeowners. This list includes residential transfers by city, including street address ...
3 reports reveal battered economy - Batavia SunWASHINGTON - The government released a trio of reports Wednesday that paint a bleak picture of the nation's economy: jobless claims remain at recessionary levels, while Americans cut back on their spending by the largest amount since the 2001 ...
Real-estate agents, mortgage brokers hurting - Bolingbrook SunMichael W. Johnson used to be in the mortgage business. Now, he's in foreclosure. The 49-year-old Bolingbrook resident said he made a six-figure income selling mortgages and investing in real estate before the bottom fell out of the market. Now, he's ...
Mortgage relief deal - Batavia SunNearly 11,000 Illinoisans with Countrywide mortgages -- most of them in the Chicago area -- are expected to get help to avoid foreclosure after Countrywide's new owner, Bank of America, agreed to an $8.7 billion settlement with Illinois and 10 other ...
Judge Drops Gun Charges Against Drew Peterson - FOX NewsJOLIET, Ill. — A judge dismissed felony gun charges Thursday against Drew Peterson after prosecutors refused to hand over internal documents leading to their decision to arrest the former Bolingbrook police sergeant, who is suspected in the ...
UGa-Aub: showdown of teams with unmet expectations - Opelika-Auburn NewsAn in-depth discussion on where certain tax dollars might go will take place at a later date, the Auburn City Council decided at Tuesday’s regular meeting. The council was presented a list of projects that could be paid for with money from the 5 ...
Elburn ready to boom - Business LedgerFar-west Elburn is ready for the growth that is its future but wants to hold on to its unique small-town character as well. The community of 5,000 centered around State Routes 47 and 38 may well be able to do so. While rapid development can damage ...
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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