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News about Mortgages:
Latvia talked with EU over aid after bank takeover - Guardian UnlimitedRIGA, Nov 14 (Reuters) - Latvia wants to solve its banking crisis without outside help, but has talked with the European Commission about aid, a government official said on Friday. No consultations have taken place with the International Monetary ...
Latvia reassures on bank amid fear of new crisis - Guardian UnlimitedRIGA, Nov 9 (Reuters) - Latvia is to give second-largest bank Parex a $361 million injection of funds after the state took it over at the weekend, making it the first victim of the global financial crisis in the Baltic state, officials said on Sunday ...
Latvia says bank works normally after govt rescue - ReutersRIGA, Nov 10 (Reuters) - Parex, Latvia's second-largest bank which the government took over at the weekend after a run of withdrawals, was working normally on Monday, officials said, though people continued to take money out. Parex is the first ...
CORRECTED-UPDATE 1-Latvia PM rejects devaluation, c.bank buying rises - FXStreet.comRIGA, Nov 19 (Reuters) - Latvia has no need or intention to devalue its currency, the country's prime minister said on Wednesday, rejecting rumours of such a move amid an economic slowdown and after the takeover of a leading bank. The central bank ...
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