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Home Value Highwire - WTOP RadioWASHINGTON - If you want to buy in today's housing market, you may not be able to seal the deal or get a loan, unless you have cash and good credit. You need cash to close the deal. The days of zero-down are gone. That's the new reality of the ...
Maryland Police Officer Shoots and Kills Robbery Suspect, Hunt On for ... - FOX NewsNov. 20: A bank robbery suspect is shot in Maryland by a police officer after a dramatic chase. CLARKSVILLE, Md. — A Maryland officer shot and killed a suspect in a Howard County bank robbery after a dramatic chase through three counties, according ...
Amid U.S. meltdown, Md. builders expecting 2009 to be tough year - Baltimore SunThe nation's financial meltdown dealt a setback to a housing market that was showing glimmers of recovery in Maryland, and local builders said yesterday that they are bracing for another tough year. During a real estate and construction forecast ...
Transcript: Color of Money Book Club - Washington PostIn her last book club column , Michelle wrote: "...some occupations and industries can withstand business downturns better than others. During a recession, people may curtail their shopping or hold onto their cars for a few more years, but the sick ...
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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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