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.
Example: Let's assume you have an ARM loan that is fixed for the first five years; a loan amount of $250,000; a loan term of 30 years (360 months); an initial interest rate of 3.50%; a margin of 2.25%; an initial interest rate cap of 2.00%; an annual rate cap of 2.00%; and a lifetime cap of 5.00%.he interest rates, payment amounts, Annual Percentage Rates (APR), and lender fees & points shown above are based upon the following parameters: 1  $260,000 loan amount (Jumbo information based upon $420,000 loan amount). 2  80% loan-to-value (LTV) or less. 3  20% or greater down payment. 4  No subordinate financing.