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Cowboys refinance $435 million chunk of stadium bond debt - Denton Record-Chronicle
ARLINGTON – The Dallas Cowboys have refinanced about $435 million worth of debt for their new $1.1 billion stadium despite the troubled bond market, team owner Jerry Jones said Thursday. The old debt had a variable rate, which has been a problem as ...

Arlington refinances $104M in Dallas Cowboys stadium bond debt - Denton Record-Chronicle
ARLINGTON – The city has refinanced a portion of its Dallas Cowboys stadium bond debt that it’s been trying to convert to a fixed rate since July. Deputy city manager Trey Yelverton told the council at a Tuesday afternoon work session that nearly ...

Bryan sues area power agency - Denton Record-Chronicle
An agency that provides power to Denton and three other Texas cities is facing a legal challenge over its plan to refinance millions of dollars in debt. The city of Bryan sued the Texas Municipal Power Agency and its other members, Denton, Greenville ...

With commercial financing scarce, real estate buyers with cash expect ... - Denton Record-Chronicle
In a commercial real estate market where buyers are hard to find and credit is even scarcer, cash has become king. Broker Jerry Yoder of Henry S. Miller Commercial recently worked on a deal to sell a Carrollton shopping center on Belt Line Road ...

Meltdown of economy detailed in local reports - Portland Business Journal
Economic wreckage is spread across the country, in virtually every sector, starting with housing, with one in every 452 U.S. housing units receiving a foreclosure notice in October. The Federal Reserve Bank of Atlanta's vice president delivered grim ...

Herald/SARAH MOORE KUSCHELL - Killeen Daily Herald
In early 2007, two Killeen couples moved into homes they hoped to raise their families in. Now they are out thousands of dollars and desperately counting on people who were strangers just a few weeks ago to help save their dreams. Robert Groll, a ...

Deep Events and the CIA’s Global Drug Connection - Uruk Net
"L'Assemblea Generale dichiara che: la soggezione dei popoli a dominio straniero, conquista e asservimento costituisce una negazione dei diritti umani fondamentali, è contraria alla Carta delle Nazioni Unite ed è un impedimento alla promozione ...

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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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