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

Boone mortgage loan news:

Richmond Center worth keeping afloat - Nevada Journal
In the flood of 1993, under a different name and in a different building, the agency now operating as the Richmond Center was under water. Reams of documents were soaked. In the aftermath, staff painstakingly pulled apart the pages and spread them ...

An economy on the edge - Detroit Free Press
Wall Street kicked investors with another 400-point loss on Thursday after a brutal battering just the day before when the stock market was knocked to its lowest level in more than five years. Now, things look worse. The nation’s unemployment rate ...

said Saturday - Huffingtonpost.com
WASHINGTON — House Speaker Nancy Pelosi said Saturday the House would provide aid to the ailing U.S. auto industry, requiring that the industry meet new fuel-efficiency standards, produce advanced vehicles and restructure "to ensure their long-term ...

In the News - Opensecrets.org
Like the Energizer Bunny, Barack Obama's $640-million fundraising machine is still going and going, now soliciting private donations to make the Democrat's transition to the White House as smooth as possible. By setting up a nonprofit corporation ...

September 14 - September 21 (77) - Dakota Voice
► January 16 - January 23 (1) In case you haven't heard about it, the movie stars Kirk Cameron as a firefighter who's doing well at work, but his marriage is falling apart at home. This movie was made by the same group of church folks that made the ...

November 2008 - Posts - MSNBC Firstread
For the Thanksgiving holiday, we are suspending our morning note (including First Thoughts) for next week. Don't fret too much, though. We will still be doing updates as usual throughout the day on Monday, Tuesday and Wednesday. Patrick Gaspard will ...

Boone County election results - Harrison Daily Times
" The fact that just 15,450 votes were cast for president is an indication of how inflated the voter role is for Boone County. It is time for Ms. Graddy to clean up this mess so that we can get voter initiatives onto the ballot. " Christy Wood wrote ...

Mortgage lending seized up in '07 - Cincinnati.com
Mortgage lending in Greater Cincinnati and Northern Kentucky slowed by 20 percent in 2007 - a drop that foreshadowed the full-blown banking crisis that's still intensifying this year. An Enquirer analysis of federal lending data underscores the depth ...

Credit crisis' next victim: bankruptcies - Dallas Morning News
Companies seeking bankruptcy protection have a new hurdle, thanks to the credit crunch: finding money to survive the process. The frozen credit markets have choked lending to struggling companies that need loans just to make it through Chapter 11 ...

Refinancing available to vets with subprime loans - HamptonRoads.com
Veterans with conventional home loans now have new options for refinancing to a loan guaranteed by the Department of Veterans Affairs, according to a news release. These new options are available as a result of the Veterans’ Benefits Improvement ...