Shawnee Mortgage Refinance and Information Online from competing Lenders

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Candidates Spar Over McCain Plan for Loans - Washington Post
Resize The mortgage proposal became the latest point of strife between two campaigns that have tried to turn discussions about the economic crisis into questions about their opponent's fitness for office. Echoing a theme of the past several days ...

Obama Visits Portsmouth and Talks About the Economy Save Email Print - WSAZ
PORTSMOUTH, Ohio (WSAZ) -- Democratic Presidential Candidate Barack Obama focused on the economy and health care in his visit to Southern Ohio Thursday night. Obama spoke at Shawnee State University to a crowd of supporters, but also people who ...

Candidates Spar Over McCain Plan for Loans Proposal Introduced In ... - Washington Post
PORTSMOUTH, Ohio, Oct. 9 -- Democratic presidential candidate Barack Obama on Thursday said rival John McCain 's mortgage rescue plan "punishes" taxpayers and rewards lending institutions that created the crisis, while McCain charged that his ...

Uncertain times with bonds - Olathe Daily News
According to a New York Times story published Wednesday, several municipalities across the country have delayed projects and may consider canceling some because they can’t find buyers for the bonds to fund them. Not so locally, or at least not yet ...

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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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