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Public Notices - Columbia StarNOTICE OF APPLICATION Notice is hereby given that Shanon Davis dba Big Country's Bar-b-que & Convenience intends to apply to the South Carolina Department of Revenue for a license/permit that will allow the sale ON/OFF premises consumption of Beer ...
Local charities find donations lagging - Item"These are the times that try men's souls," wrote Thomas Paine. Our founding father was addressing the turmoil of the American Revolution, but he might well have been speaking to our current economic situation — especially when it comes to ...
Feds finance deal for national city - Chicago Sun-TimesPNC Financial Services Group Inc. said Friday it is acquiring National City Corp. for $5.58 billion, the first bank to use fresh investments from a federal bailout program to make an acquisition. The deal comes within hours of PNC Financial receiving ...
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 ...
National City being sold for $5.2 billion - Beacon NewsPNC Financial Services Group Inc. said Friday it is acquiring National City Corp. for $5.58 billion in stock and cash and will receive $7.7 billion in capital through the government's recently passed bailout plan. PNC will pay $5.2 billion for ...
Wintrust Financial Corporation Hires Bank President - TradingMarkets.comLynch brings extensive commercial banking and credit experience to NSCBT and Wintrust. Most recently as Senior Vice President / Market Manager for the Middle Market, Lynch is 27 year veteran of JP Morgan Chase and its preceding companies, including ...
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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