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.

View all Terms

Graham mortgage quotes news:

McCain's Annoying Little Fraud - Slate
( Pierre, S.D .) McCain would like everyone to think his campaign imploded last summer because of his courageous support for the surge in Iraq : I fought for the right strategy and more troops in Iraq, when it wasn't a popular thing to do. And when ...

September 2005 - MSNBC
You've got to give Pat credit for consistency. He tells the battered Bush, the indicted DeLay, and the investigated Frist to save themselves by launching a culture war. It's the same advice Pat gave the first President Bush after he lost a primary ...

How Palin Got Picked - Weekly Standard
Can't get enough of Alaska Governor Sarah Palin? The Anchorage Daily News has kindly posted a photo gallery here . Was there something inconsistent in McCain's naming Governor Palin to his ticket after making much hay out of Barack Obama's not being ...

Wild Card -- Tuesday PM - Spokane Spokesman-Review
... laugh-read some of My Favorite Kinky Friedman Quotes. ... summer residence in Wellfleet, Cape Cod, with his dying ... and Sciences previously awarded to John Dos Passos, William Faulkner ...

Wild Card/Vacation Day 11 of 12 - Spokane Spokesman-Review
Only two more shopping days until I return to the final days of the City Council campaigns. Then, we'll have fun taking apart the campaigns. Any dirt yet? Any mudslinging. You know, the good stuff. Or is everyone behaving? My wife is now looking over ...

Big Zell Dis - Slate
The poverty numbers are good economic news at a time when financial markets have been rattled by a slumping housing market. However, the numbers released Tuesday represent economic conditions from a year ago . [E.A.] Is there any reason to think the ...

American Idol Buzz - AccessAtlanta
All the entries posted in April. Jason Castro deserved to go tonight. Heck, he probably wanted to go home, take a little break before the tour and chill! But as recent weeks have indicated, the most obvious person hasn’t been going home. Instead ...

Handshake ‘disrespect by Boruc’ - Sunday Herald
NACHO NOVO last night accused Artur Boruc of displaying a lack of respect to football after the Polish goalkeeper declined the offer of a handshake from Barry Ferguson, David Weir and Lee McCulloch at the final whistle of yesterday's Old Firm game ...

A woman’s work - Sunday Herald
THE HISTORY of feminism is written on the walls of Lynne Segal's London home. Not literally, of course, and nor is this the whole story of that movement. Rather, the house encapsulates much of the idealism of the radical socialist feminism that ...

Labour MPs in open revolt over tax - Herald
GERRY SUTCLIFFE: Sided with industry, then changed tack. Gordon Brown was last night facing an "open tax revolt" from his own MPs after the minister responsible for pub licensing attacked the rise in alcohol duty and dozens of Labour back benchers ...