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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.
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Cascade mortgage quotes news:
College closings rare, but could rise with economic downturn - Globe GazetteFor 15 years, Cascade College in Portland, Ore., struggled to find the fuels that any college needs: students to pay tuition, and donors to help build an endowment. Then came the global economic meltdown, and suddenly that struggle became an ...
Safe as mutual funds - Times OnlineAny book on American finance whose title has a Rise but no Fall looks insouciant this month, to say the least. Let us hope that Matthew P. Fink is right to sound an optimistic note. His history of mutual funds in the United States ends before the ...
Dow finishes below 10,000 for first time since '04 - Globe GazetteNEW YORK (AP) — Wall Street joined in a worldwide cascade of despair Monday over the financial crisis, driving the Dow Jones industrials to their biggest loss ever during a trading day. Even a big afternoon rally failed to keep the Dow from its ...
Stocks tumble for second day; Treasurys surge - Denver PostA pair of stuffed dice hangs from a monitor on the floor of the New York Stock Exchange as traders leave for the day,Thursday, Nov. 20, 2008. Stocks plunged for a second straight day Thursday, falling to a ranges not seen in six years as financial ...
The Boom Was a Bust for Ordinary People - Common DreamsI t begins to sound a bit naughty -- all this talk about the need to "stimulate" the economy, as if we were discussing how to make a porn film. I don't mean to trivialize our economic difficulties or the need for effective government intervention ...
Right to work - Meganmcardle.theatlantic.comFreddie wants me to talk about the human costs of not having the auto bailout. That's easy: they're terrible. Lots of people will lose their jobs. Those that don't will have their expectations for an upper-middle class life crushed. Am I glad to see ...
Beautiful Miss Idaho in LCHS Parade - Spokane Spokesman-ReviewHow about a photo of Coeur d'Alene's newest Sweetheart to end the week? Miss Teen Idaho, Estrella Atkinson , a senior at Lake City High School, along rain soaked Sherman Avenue, Friday afternoon during the Lake City High School Homecoming Parade ...
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