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Maryann Haggerty and Elizabeth Razzi - Washington PostWelcome to Real Estate Live, an online discussion of the Washington area housing market with Post Real Estate editor Maryann Haggerty and columnist Elizabeth Razzi. Maryann has been with The Post for 18 years and has served as real estate editor for ...
Republicans spent $150,000 on Sarah Palin's clothes - Times OnlineThe Republican Party has spent $150,000 in upmarket designer stores on dressing Sarah Palin for the part of vice-president. During September, more than $75,000 was spent in a single shopping spree at Neiman Marcus in Minneapolis, and another $9,500 ...
1 in 4 homes 'underwater' - Santa Rosa Press DemocratNow with the bursting of the housing bubble, many don't dare look. The reality is too disheartening: 1 in 4 homeowners in Sonoma County owe more on their mortgage than the home is worth, according to a study released Wednesday by Zillow.com, a real ...
Viewer Stories: Single Parents Struggle - WSB-TV AtlantaI am a single mother of four elementary school-aged children. Although life gets hard from time to time, I have always managed to give my kids what they need. But now I find myself constantly telling my kids what they can't have. I no longer have ...
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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