South Point Mortgage Refinance and Information Online from competing Lenders

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Stevens Point shooting was attempted murder-for-hire - Milwaukee Journal Sentinel
Authorities say a 23-year-old woman accused of shooting the 50-year-old man had been hired by the victim's wife to kill him, but he survived despite being wounded four times. Now the wife, the 23-year-old and a 25-year-old man are being held on $50 ...

Crown asks Hampshire for bond help - Courier News
HAMPSHIRE -- With only one of what is hoped to become 2,820 homes sold, Crown Community Development has asked the village essentially to refinance $10 million of the money it and its future home buyers have borrowed to pay for roads and utilities in ...

Omens of the coming Real Estate Bubble? - Political Gateway
Florida Dec 28th (Political Gateway) - Back in May of this year (2005) I wrote a column about the housing bubble. My prediction was ‘after the new bankruptcy laws go into effect, it will start to burst.’ Was I right? First let me say, I am a Real ...

When couples split, the home is a hot potato - Miami Herald
''When people are stuck in a house, so much gets put on hold,'' said Robin, the Boca Raton mediator. ``They are living in limbo. They are not really free to date other people.'' Fed up with the unexpected company, the wife finally agreed to sign over ...

FOCUS: Turkey's Central Bank Cuts Rates In Bold, Risky Move - FXStreet.com
Turkey's central bank cut interest rates late Wednesday in a bold move given growing risks of capital flight and a currency crunch. The central bank cut its core overnight borrowing rate by half a percentage point to 16.25%, while taking its ...

When couples split, no one wants the house - Palm Beach Post
During the real-estate boom, couples who divorced would fight over who got the house, betting that the winner could get rich from rapidly escalating prices. Spouses plunked down thousands to buy out their partner. Disposing of the ''marital asset ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Now that Hank Paulson has transformed the U.S. Treasury into Goldman Sachs South–buying, selling, lending to and merging companies–it ...

More Shasta County residents can afford to buy a home - Record Searchlight
The number of people who can afford to buy a home in Redding has reached the highest level in more than four years — thanks to falling values and low interest rates. Of the new and existing homes sold in the third quarter, 40 percent were ...

El Paso Electric Q3 2008 Earnings Call Transcript - Seekingalpha.com
Good afternoon and thank you for tuning in to the El Paso Electric Company’s Third Quarter of 2008 Earnings Conference Call. As Mathew mentioned I am Steve Busser, I am the Treasurer and Chief Risk Officer here at the company. Also on the call with ...

Russia-China $25bn Loan Talks set to Re-Open - Oilvoice.com
Russia is set to re-open talks with China within the coming week to secure $25 billion in loans, for two cash-strapped Russian energy companies, in exchange for guaranteed long-term crude oil supplies in the opposite direction. The initial round of ...

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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