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Santa's 2008 shortcomings explained - NWI.comWhen their Christmas duties are done, Santa's elves head for the warm climate and fun times offered by Evansville. It was there that I renewed my friendship with Elvin Elfenhousen, a senior member of Santa's crew. "How was it?" I asked. "Tough ...
Santa’s 2008 shortcomings explained - Pharos-TribuneWhen their Christmas duties are done, Santa’s elves head for the warm climate and fun times offered by Evansville. It was there that I renewed my friendship with Elvin Elfenhousen, a senior member of Santa’s crew. “How was it?” I asked ...
One Last Look Back: The 10 Most Ridiculous, Shameful, or Generally ... - Huffingtonpost.comWell, it could've been worse. As 2008 mercifully ends, we're left to ponder a year in which the real and the surreal were pretty much indistinguishable, where insanity actually became tedium, and where every silver lining was eclipsed by a brand new ...
Arraignment of DiMasi friend delayed - Worcester Telegram & GazetteBOSTON — A friend of House Speaker Salvatore DiMasi successfully maneuvered Monday to delay his arraignment and block the release of detailed background in his influence-peddling case just two days before DiMasi asks his members to re-elect him as ...
Arraignment of Speaker DiMasi's friend delayed - Cape Cod TimesBOSTON — A friend of House Speaker Salvatore DiMasi successfully maneuvered Monday to delay his arraignment and block the release of detailed background in his influence-peddling case just two days before DiMasi asks his members to re-elect him as ...
Perchance to rest in pieces of bling - Galveston County Daily NewsIn days of yore, back in merrye England, I luxuriated in the notion that the first Saturday after Christmas was an “R and R” day — reserved for rest and recuperation. It was necessary partly because I had spent the previous Saturday fighting ...
The Bank of Mom and Dad - Smart MoneyNot that long ago , a middle-school band teacher like Mark Witt would have been able to finance a mortgage in Phoenix, no problem. Then the real estate market crashed, taking with it the easy-money mentality that made getting a loan as simple as ...
Despite ethics probe, most local lawmakers support House speaker - EnterpriseState Rep. Thomas Calter, D-Kingston, is expected to be in the minority of state representatives who will vote to not re-elect House Speaker Salvatore DiMasi to another term as speaker on Wednesday. DiMasi, D-Boston, is under ethical scrutiny for ...
Hoping for a better year in 2009 - Washington ExaminerThe economic downturn of 2008 was one of the top stories of the year. -- AP The Chinese supposedly have a curse: May you live in interesting times. By that measure, 2008 might have been one of the most accursed years in memory. Americans discovered ...
2009: Year of bottom line? - ColumbianWork continues on “Michaelsen,” a housing development being built by Manor Homes off Northwest 116th Street. Construction started after 10 of the 14 homes in the development were sold. (Zachary Kaufman/The Columbian) One common denominator will ...
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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