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News about Mortgages:
Foreclosures make sharp jump in Manchester - Manchester JournalForeclosures make sharp jump in ManchesterManchester JournalSo far this year in Dorset, there's been only one complaint filed so far, but that's only the starting point of a foreclosure proceeding. ...and more »
Sellers Shift Houses Quickly and Avoid Repossession with Sell My Pad - Press Dispensary (press release)Sellers Shift Houses Quickly and Avoid Repossession with Sell My PadPress Dispensary (press release)With this increasingly common downturn dilemma in mind, Sell My Pad (http://www.sellmypad.co.uk ), a Dorset-based service, is helping sellers to dispose of ...Can they repossess the dog? What to know if the repo man comes callingNewsChannel5.comall 10 news articles »
The fight on the beaches - IndependentThe fight on the beachesIndependentThe Royal Dorset Yacht Club in Weymouth Harbour, 130 miles down the coast from Hastings, is not as grand as you might imagine. It once occupied the whole of ...and more »
Jobs at risk as buyer sought for Dorset company - Bournemouth Daily EchoJobs at risk as buyer sought for Dorset companyBournemouth Daily EchoAn insider said: “It's worrying, and most of the staff are gutted – one of my colleagues has just taken out a mortgage out on a house. ...and more »
Going mobile, naked and unconnected - ZDNet UK (blog)Going mobile, naked and unconnectedZDNet UK (blog)But the worst part of it all is being nakedly unconnected during the transition process as my better half and I move towards Dorset's grand shores. ...
Is there a future for rural living? - IndependentIs there a future for rural living?Independent... which specialises in rural housing, has one bed homes near Glastonbury in Dorset for £107500, or via shared ownership with buyers getting a mortgage for ...
Fixed-rate energy deals 'unfair' - BBC NewsBBC NewsFixed-rate energy deals 'unfair'BBC NewsIn a statement, it said: "We offer long-term contracts because, like mortgage customers, many energy users want the peace of mind that fixed products offer. ...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