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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
Lee home equity loans news:
Financial News
Form 4 Oracle: Boston, MA -- Form4Oracle: Insider Trading Report ... - TradingMarkets.com
- Lee Greg L, CEO: bought $120.00K increasing total holdings by 46% - Looper Tommy E, Director: bought $53.25K increasing total holdings by 83% - Long David E, President: bought $4.53K increasing total holdings by 2% - Thornton William L III ...

Mile High Letdown - Slate
Obama Speech React: 1) A little flat, and not just because of it's now-required State-of-the Union laundry-list passages; 2) Background off, color-wise; 3) Best graf by far: I love this country, and so do you, and so does John McCain. The men and ...

Plouffe Whistles Plus: Obama's failed fight-back - Slate
Effective day for Dems. 1) Bill Clinton outlined a simple, substantive framework for the election. As James Taranto noted, he built a stronger case for Obama than Hillary did--an inversion of how the two Clintons are said to actually feel about the ...

Public Notice - Columbia Star
1102 Huger Street, TMS# 08912-10-09 through -19, rezone from M-2, -DD (Heavy Industrial, Design Development) and M-2, -DD, -DP (Heavy Industrial, Design Development, Design Preservation) to M-1, -DD Light Industrial, Design Development) and M-1, -DD ...

HAKU MO‘OLELO - Maui News
On a bright, blue-sky day in Singapore, lines of long, thin poles extended from balconies high above the manicured lawns of 30-story condominium complexes. Residents were hanging their laundry, utilizing an older, greener and less expensive ...

A surprise: Oprah pays a real cost for supporting Barack Obama - Los Angeles Times Blogs
( UPDATE: This Ticket item has aroused so much interest, traffic and hundreds of comments that a new one has been published this morning. After you've read this item and are ready to go to the new one, just click here to read the reactions of ...

Housing market - New York Observer
In what will surely go down as one of the most splendid flips in the history of ultra-posh New York City real estate, the young hedge fund executive Scott Bommer and his wife Donya, once an anchor for "Good Day Philadelphia," have sold their duplex ...

State Government - OpEdNews.com
Naomi Klein: The Olympics Officially Unveil "Police State 2.0" (6 comments) The games have been billed as China's "coming out party" to the world. They are far more significant than that. These Olympics are the coming out party for a disturbingly ...

Citigroup announces layoff of 185 home equity sales workers - Sioux City Journal
DES MOINES, Iowa (AP) -- The home mortgage division of Citigroup Inc. said Monday it is laying off 185 employees who worked in its home equity business, saying those types of loans are not saleable in today's troubled home loan market. CitiMortgage ...

Hyperion exploring federal financing - Sioux City Journal
WASHINGTON -- Representatives from Dallas-based Hyperion Resources approached both South Dakota senators in recent weeks in an effort to secure federally backed loans to finance the proposed oil refinery and power plant in Union County. U.S. Sen. Tim ...

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