BRAND NAME(S): Cardura. USES: Doxazosin is used alone or with other drugs to treat high blood pressure (hypertension). Lowering high blood pressure helps prevent strokes, heart attacks, and kidney problems.
DEFINITION of 'ARM Index'. The benchmark interest rate to which an adjustable rate mortgage is tied. An adjustable rate mortgage's interest rate consists of an index value plus a margin. The index underlying the adjustable rate mortgage is variable, while the margin is constant. There are several popular indexes used for different types of adjustable rate mortgages. This is also referred to as the fully indexed interest rate.
Agency ARM rates are based on a loan amount of $200,000, credit score of 720 and 20% down payment. Adjustable rate mortgages have interest rates which are subject to increase after consummation. Estimated future payments shown are based on current index plus margin (CMT plus 2.25%). Actual payments will reflect then-applicable index/margin at each re-pricing interval, which may be higher than the estimates shown above.