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Citigroup to pay $7B in subprime mortgages probe - KTVN Channel 2 - Reno ...KTVNFour days into the search for a missing pregnant woman in Maui, her half-sister and a group of volunteers got their first serious clues, finding a skirt, shirt and bra that appeared stained with blood. The sister...More >>. Four days into the search ...and more » In Brief | Island Inc. | 7-14-14 - West Hawaii Today
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Dr. Keanu Sai discusses existence of Hawaiian kingdomHawaii News NowCharice in concert at the Hawaii Convention Center featuring local girl … Comments. Add a comment... Andrew Walden · Top Commenter · Honolulu, Hawaii. Sovereignty Mortgage Scammer Keanu Sai at it again with help from Legislators, Maui Council, ...and more »
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