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CapeCodToday Blog Chowder - Cape Cod TodayChef John is all you say and then some.. having shared the kitchen with him for the last 2 1/2 years, and guesting on his show.. He'll be the 1st to admit he's a salesman 1st, an actor 2nd, portraying as a Chef 3rd! He's hilarious, self deprecating ...
Meyerson: GOP takes page from Hoover playbook - Record SearchlightAs the nation navigates through the most perilous straits it has seen since the 1930s, policymakers are looking back to the '30s to see which of the paths that Depression-era America embarked upon actually led toward recovery. Well, some of our ...
National City executives to get golden parachutes - Cleveland Plain Dealer BlogLynn Ischay / The Plain Dealer National City Bank's outgoing CEO, Peter Raskind, in April. Updated at 5:50 p.m. CLEVELAND -- National City Corp.'s top 14 executives will get as much as $49.5 million in payouts under the bank's merger with PNC ...
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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