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A helping hand - Times West VirginianFAIRMONT — Has your credit card debt gotten out of hand? Have doctor bills piled up? Or have you considered buying a home but need some education on the impending mortgage procedure? Then Consumer Credit of North Central West Virginia can help ...
First Financial Bank announces new employees, new positions. - Wabash Valley Journal of BusinessAlan L. Badger has joined First Financial Bank as a vice president and agricultural lender. He will work with agricultural loan customers in Sullivan, Greene, Clay and Vigo counties from his office at the First Financial Sullivan banking center ...
Area car dealers say loans still available - Times West VirginianFAIRMONT — According to local dealers, the national economy isn’t impacting the area’s automobile market, and car loans are still attainable. Jo Marie Pitrolo, dealer for Anthony Chevrolet Cadillac in Fairmont, said lending in the state is a ...
NTELOS Holdings Corporation Q3 2008 Earnings Call Transcript - Seekingalpha.comGood day everyone and welcome to the NTELOS Holdings Corporation’s third quarter 2008 conference call. Today’s call is being recorded. At this time, I would like to turn the call over to the Director of Investor Relations, Mr. Wes Wampler. Please ...
Relearning the lessons of the Great Depression - Canton RepositorySeventy-nine years ago, the stock market crashed, touching off the beginning of the Great Depression. Many Americans lost their life savings. Despair drove some to suicide. Those who lived through it, watching their parents struggle, tell what life ...
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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