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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
Stonewall home equity loans news:
Financial News
November 2008 - Weekly Standard
The terror assault on Mumbai is in its second day as Indian security forces struggle to regain control of the capital and clear the remaining terrorists from two hotels and a residential complex. Hundreds of Indian Naval and National Security Guards ...

Bankruptcies & Foreclosures - The Ledger
The following businesses or individuals filed bankruptcy petitions in the U.S. Bankruptcy court in Tampa from Sept. 25-Nov. 12, 2008. Chapter 7 filings are for companies and/or individuals whose assets are being liquidated to pay creditors; Chapter ...

Erie County Real Estate Transactions - Buffalo News
• 12845 Broadway, Prameela Rebala to Saibabaram Llc, $445,000. • 11143 Westwood Road, Mary J. Saxer; Gerald L. Saxer to Kevin R. Barczykowski; Jennifer L. Barczykowski, $170,800. • 1250 East Laray Drive, Betty Jane Kile; David R. Kile to Mary J ...

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 ...

Political Punch - ABC News Blogs
Jake Tapper is ABC News' Senior White House Correspondent based in the network's Washington bureau. He writes about politics and popular culture and covers a range of national stories. Friday afternoon in Kettering, Ohio, Sen. Joe Biden, D-Del., took ...

George's Bottom Line - ABC News Blogs
Four years ago, Osama bin Laden released a tape the Friday before Election Day. Sen. John Kerry is convinced it stalled his last-minute surge. Four years before that, the big story on the Friday before the election was that George. W. Bush had been ...

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