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New Fort Meade Commander Discusses Growth, Other Issues - Business MonthlyAs the new commander of Fort Meade, Army Col. Daniel Thomas has inherited the most visible position on the team of coordinators bringing the Base Realignment and Closure (BRAC) process to completion. He has also inherited a number of other persistent ...
Judge rules in Ed McMahon's favor in hospital lawsuit - Baltimore SunLOS ANGELES (AP) _ Punk musician Travis Barker on Friday sued companies linked to a plane that crashed in South Carolina, injuring him and killing two friends. The former Blink-182 drummer sued the plane's owners, Goodyear Tire and Rubber Co., and an ...
News from Thursday, November 13 - The LedgerAround Tampa Bay 3 days ago Dunn's Book is Powerful 5 days ago Dolphins' Pennington Added to Injury List 5 days ago Running Collision 5 days ago The AR-15 Is a Suddenly a Popular Rifle 6 days ago Entertainment Activities 6 days ago Weekly Offerings 6 ...
Iraq war pushed aside as campaign issue - Baltimore SunThe once-yellow ribbon outside Alison Malachowski's Westminster home is old and weathered. Even before her daughter was deployed to Iraq last spring, she had already sent her son to war three times. Malachowski has monitored the news reports since ...
Biz Roundup - Business MonthlyColumbia Tower Developer Files for Bankruptcy Protection WCI Communities of Florida, the developer of the 23-story Plaza Residences tower planned for Columbia Town Center, has filed for Chapter 11 bankruptcy protection, along with approximately 130 ...
First Potomac Realty Trust Acquires Rivers Park I & II and Triangle ... - StreetInsider.comFirst Potomac Realty Trust (NYSE: FPO ) today announced that it has acquired Rivers Park I & II, a six-building, 306,656-square-foot flex/office property in Columbia, Maryland, for $42.3 million in cash from affiliates of General Growth Properties ...
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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