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Employee robbed at Citgo on northwest side - Milwaukee Journal SentinelThe man asked the victim for help with a stalled car, police said. Once the two were outside, the man implied that he had a handgun and robbed the victim. Police did not say how much money was taken. The suspect is described as a black male, 6 feet ...
Council to vote on sewer rate hike - Havasu News-HeraldSewer rates would climb at least 32 percent over three years if the Lake Havasu City Council votes for an increase Tuesday. The increase would begin April 1, 2009. Rates would go up again the following two years. The item is on the agenda for public ...
Car fire on 94 at 121st - Milwaukee Journal SentinelNov. 21, 2008 6:53 a.m. | A car fire is backing up the commute on westbound I-94 near 121st St. Here's the look from the DOT camera . The fire is causing major delays. The trip from downtown to Moorland Rd ., normally a ten minute drive, was taking ...
Voices of the Evacuated - Santa Barbara Independentdel.icio.us. Trace Robinson's home at 356 East Mountain Drive was still standing as of this morning, but many Mountain Drive homes burned to the ground. Trace Robinson and her family lived at 356 East Mountain Drive, next to the Tea Gardens, where ...
Shopping as usual this holiday season at General Growth malls - Arlington Heights Daily HeraldSince the postwar boom years that spawned both the shopping mall and the suburbs, the two have been tightly intertwined. Now, the owner of the some of the suburbs' premiere shopping malls, including Oakbrook Center in Oak Brook, Spring Hill Mall in ...
Man pulled from car and robbed in Oak Creek - Milwaukee Journal SentinelNov. 20, 2008 2:06 p.m. | The long campaign to get bike racks installed on Milwaukee buses is over. Racks for all 470 Milwaukee County Transit System buses should be installed by spring, Milwaukee County Transit System spokeswoman Jacqueline Janz ...
City sues to test land at center of condemnation dispute - Milwaukee Journal SentinelNov. 7, 2008 | The City of Milwaukee has filed a lawsuit seeking permission to do environmental testing on land owned by Bee Bus Lines Inc. in the 4300 block of N. 35th St., the city's latest step in acquiring the property so it can be resold to an ...
For local banks, credit still flows - North Bay Business JournalLenders sending dramatically fewer foreclosure notices Roundup of North Bay bank earnings Banking: Financial advisers urge clients to employ discipline Business Journal Q&A: Exchange Bank president looks ahead BANKING: Banker Glen Terry named new CEO ...
An Invitation to Our Readers - BusinessWeekEarlier this year, we launched a new and innovative feature on BusinessWeek.com to prominently highlight the insights of our readers. Called In Your Face , it calls attention to the most substantive comments left on our site by our readers. Not only ...
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