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Motorcyclist hospitalized - Connellsville Daily CourierA Fayette County man was in fair condition Wednesday at Ruby Memorial Hospital in Morgantown, W.Va., after a two-vehicle wreck Tuesday in Menallen. Mark Lowery, 57, of Uniontown was eastbound on New Salem Road as a car driven by Mallory Perry, 20, of ...
Bits 'n' Pieces: Vancouver’s ‘House Hunters’ find hardship - Columbian(Suzie and John Custer of Battle Ground.) Mark, left, Madeline, Makayla and Rachel Workhoven. Rosi Oldenburg Mark and Rachel Workhoven had a not-so-happy ending after their home-shopping story appeared on an Oct. 5 episode of Home & Garden Television ...
Obama: Times too serious for petty attacks - Boston GlobeResponding to what is now a global financial crisis, Barack Obama today called for pragmatism not partisanship, offered some more detail on a plan to help small businesses, and tweaked his critique of Republican rival John McCain. "This is not a time ...
From Empire to Democracy - Common DreamsThis current financial crisis is a major way-station on the way to the collapse of the American empire. The first important sign was 9/11, with the most heavily-armed nation in the world shown to be vulnerable to a handful of hijackers. And now ...
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