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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
Lafayette home equity loans news:
Financial News
Economists Infiltrate the White House; Now What? - New York Times Blogs
Last week, President-elect Obama dominated the news — and perhaps moved the markets — by spending the three days before Thanksgiving introducing one economist after another to the American public. There were Larry Summers , Peter Orszag ...

Jurors hear confession tape in Randolph murder trial - Newark Star-Ledger
After police caught Jonathan Zarate and two teen-agers trying to dump a trunk containing a Randolph girl's beaten and dismembered body into the Passaic River in Rutherford, Zarate told an investigator he had found his next-door neighbor dead. "I ...

LSB Financial Corp. Announces Third Quarter and Year-to-Date Results ... - MSN MoneyCentral
LAFAYETTE, Ind. , Nov. 6 /PRNewswire-FirstCall/ -- LSB Financial Corp. LSBI , the parent company of Lafayette Savings Bank, FSB, today reported third quarter earnings of $392,000 or $0.25 per share, and earnings for the first nine months of 2008 of ...

Even in upscale Lamorinda, home sellers face challenges - Contra Costa Times
Oct 24: Stocks fall on belief global recession is at hand Oct 23: Greenspan denies blame for crisis, admits 'flaw' Mountain House project shelved E-Loan exiting out of loan business Experts: Don't expect a Depression-like political shift California ...

Romney pins Republican campaign hopes on business experience - International Herald Tribune
Altho Mormon, I did not jump on Romney’s side automatically. Our church reminds us….over the pulpit……of political neutrality on a regular basis. And, I was quite open to listening to Brownback and Huckabee’s positions as they were the ones ...

Fulton Financial Reports Third Quarter Earnings - StreetInsider.com
LANCASTER, PA -- (MARKET WIRE) -- 10/21/08 -- Fulton Financial Corporation (NASDAQ: FULT ) earned $29.1 million for the third quarter ended September 30, 2008, a 13.4 percent decrease from the same period in 2007. Diluted net income per share for the ...

Erie County Real Estate Transactions - Buffalo News
• 888 West Alaura Drive, Jason M. Blatner to Susan M. Congdon, $150,000. • 1546 Crittenden Road, Peggy Ann Beals; James F. Ludwig to Alden State Bank, $115,299. • 3089 Old Wende Road, Joseph Krull to Henel-Mattison Holdings Llc, $24,000 ...

Nov 09 - Nov 15 (265) - Andrewsullivan.theatlantic.com
"When every gay person and every friend or family member of a gay person really, truly believes that the status quo is unacceptable, we will win." I'm not gay. I don't have gay friends or family. This isn't about homosexuality. This is about civil ...

Gov. Bobby Jindal's star rising after Republican losses - New Orleans Times-Picayune
The Associated Press Louisiana Gov. Bobby Jindal, left, meets with Former Speaker of the House and Republican political architect Newt Gingrich last month in Baton Rouge. Jindal's star stands to rise in the GOP as the party searches for new ...

Terry Hutchens: IU Q&A - Indianapolis Star
Question: When was the last time a committee of more than 3 people made a timely, intelligent decision? If "someone" thinks a 10 person committee can choose the next coach, wouldn't 20 people do an even better job? How about 30? (Mike in Grand ...

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