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Heritage Christian plans expansion - Topeka Capitol-JournalAn intercom system, an industrial arts shop, a home gymnasium, a full-sized soccer field and room to grow. These are just a few things Aletha Rogers sees in Heritage Christian School's future now that the private school has acquired the East ...
New Wright Ad Attacks Obama in Battlegrounds - ABC News BlogsABC News’ Rick Klein Reports: A Republican political action committee on Monday is launching a new TV ad campaign in three battleground states featuring Sen. Barack Obama alongside the Rev. Jeremiah Wright, in the latest salvo from a GOP-aligned ...
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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