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Body found in Milwaukee River is identified - Milwaukee Journal SentinelNov. 11, 2008 11:20 p.m. | West Bend - A World War II veteran who survived the bombing of Pearl Harbor collapsed during a Veterans Day ceremony in Washington County and was pronounced dead Tuesday. John Weinberger, 85, collapsed Tuesday morning as he ...
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