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Bankruptcy filings jumped 57% here in '08 - Arizona Daily StarU.S. Bankruptcy Court in Tucson moved to the James A. Walsh Federal Courthouse at 38 S. Scott Ave., between East Congress Street and East Broadway, in February 2005. It previously had been located at La Placita Village, the vividly painted complex of ...
Tucson bankruptcies rise by 57 percent - Arizona Daily StarThe tightening credit market has made it difficult for consumers and small business owners to refinance their debt, forcing some into bankruptcy, said Jon Saffer, a bankruptcy attorney with the firm Snell & Wilmer.
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