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A grand for the Senator? - Explore Baltimore County
A deal is in the works for the city to give Tom Kiefaber a loan of $100,000 to help save The Senator Theatre, which is, once again, behind in its mortgage payments. City Councilman Bill Henry said he and Mayor Sheila Dixon's office are brokering a ...

Keep daughter on credit cards for now: Teresa Dixon Murray's advice - Cleveland Plain Dealer Blog
Q: My 28-year-old daughter was recently refinancing the mortgage on her condo and noticed an unanticipated $2,500 credit card balance with Capital One. It turns out that that was my credit card balance last month. When she was in college, we added ...

How to stay afloat in 2009 - Stuff
STAYING AFLOAT IN 2009: It is the time of the year when the world's money writers fall over themselves to give advice. Fairfax Media has scoured the world for the best financial advice and new year resolutions. If there's one time of year when the ...

N.J. housing market slide provides opportunity for first-time buyers - Newark Star-Ledger
In a wooded neighborhood of Raritan Township, Sarah Nojiri walks through an empty colonial with a dining room big enough to fit the large furniture her grandmother gave her. She can't wait to hold family dinner parties inside her first home, and she ...

Final goodbye: A roll call of some who died in '08 - McAllen Monitor
Here, a roll call of some of the notable people who died in 2008. (Cause of death cited for younger people if available.) Philip Agee , 72. Renegade CIA agent whose naming of operatives led to law against exposing spies. Jan. 7. Sir Edmund Hillary ...

A roll call of some who died in 2008 - Columbus Telegram
From the summit of Everest, the top of the world, to the intricate workings of the human heart. From outer galaxies to the dungeons of Stalin’s gulag. Sir Edmund Hillary was the first man to stand atop the world’s highest mountain. Dr. Michael ...

Risch, Minnick sworn in to 111th Congress - Idaho Statesman
Democratic Rep. Walt Minnick, above with Deputy Chief of Staff Kate Haas and Legislative Director Rob Ellsworth, decided against signaling his independence from Democratic House leaders as Congress convened. Jay Premack/MCT Tuesday was a day of pomp ...

Business advice for all UK firms from starting a business to flotation - New Business
The average price of a home in the UK has fallen to the lowest level since August 2004, according to figures released by the Halifax. A drop in value in December of 2.2% brought the average cost of a home down to just under £160,000. Prices dropped ...

MAHONING COUNTY - Vindicator
Joshua E. Berg, 23, of 4106 New Road, Austintown, and Erica L. Check, 22, of same. Saleh S. Darwish, 32, of 7975 Raglan Drive, Warren, and Nijma S. Awadallah, 23, of 3769 Robert Frost Drive, Austintown. Christopher M. Edwards, 45, of 684 W. Wood St ...

Smokers get the boot - Baltimore Sun
The rain was bad enough. But having to stand in it just to light a cigarette was really the limit. Yesterday morning, hours after a statewide ban on smoking in public places went into effect, several patrons of a Hampden bar called Zissimos, forced ...

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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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