Loving Mortgage Refinance and Information Online from competing Lenders

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Australians Debate New Drinking Bans, Taxes - FOX News
SYDNEY, Australia — The blood oozes crimson from a jagged gash in the man's head onto the starched white hospital sheet. A booze-fueled bar brawl has left his face shredded, his brain damaged. Across the emergency room, a clammy-skinned patient who ...

$8.5 Trillion and Counting - Reason.com
The L.A. Times on Sunday updated the numbers on 2008's historic (and historically awful) round of bailouts, and came out with a shiny new figure: $8.5 trillion . It's a useful piece of journalism, so I almost hate to complain, but the lead-paragraph ...

Questioning a Tragedy: Where is God? - FOX News
This is a quote I always think of when horrendous events, like the Virginia Tech tragedy, occur. Great tragedies either draw us closer to or away from God. The worst single shooting incident in U.S. history is slowly sinking into the psyche of this ...

Public loan programs take center stage at forum - Charleston Post & Courier
The once-torrid affair between homebuyers and purely private financing sources is over. The financial markets have lost that loving feeling with mortgage-backed securities, forcing a tightening of lending standards. So last week, local real estate ...

McCain: No there there for Obama - Boston Globe
In his first post-debate appearance, John McCain promoted his plan to have the federal government directly buy mortgages and refinance them at lower interest rates to help beleaguered homeowners. "We need to act quickly and decisively," he told ...

Confessions of a Subprime Borrower - Houston Chronicle
You say your income is not enough to qualify so you need to lie about it? No problem You say that a lot of your income is from child support, a part time job, an insurance settlement that has NOT come in yet, workers comp, disability, bonuses ...

What is the single most important ramification of the election? - Atlanta Journal Constitution
Before I tackle this week’s topic, I must first congratulate Barack Obama. Even the election of a man with whom I deeply disagree makes me proud to be an American. I will probably object to his policy priorities, but the ascendance of our first ...

Election 2008: Barack Obama in the news - Newsday
Georgia residents packed polling places as early voting began in earnest this week, waiting as long as eight hours in line to cast ballots and forcing some voting sites to stay open deep into the night. Polls have been open in Georgia since Sept. 22 ...

Treasury to work with homeowners in bailout - The Washington Times
Congressional Democrats on Sunday began to put their imprint on the Bush administration's historic $700 billion bank rescue plan, persuading the Treasury Department to use the new powers it would acquire to keep people from losing their homes. In the ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. At Monday night’s Presidential Debate, John McCain dropped an economic bomb: he suggested that the U.S. Treasury should buy up mortgages and ...

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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.

    View all Terms
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