Current Mortgage Rates
Thursday, December 04, 2008
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Glossary of Terms
Glossary of Terms
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Impound
Impound Account
In-File Credit Report
Income
Income-To-Debt Ratios
Index
Indexed Arm
Individual Savings Account (ISA)
Inflation
Initial Cap
Initial Rate
Initial Rate Period
Insolvency Policy
Installment Debt
Installment Loan
Insurance
Insurance Premium
Interest
Interest Accrual Period
Interest Adjustment
Interest Bearing
Interest Cost
Interest Due
Interest Only
Interest Only Loan
Interest Only Mortgage
Interest Only Refi (Refinance)
Interest Payment
Interest Rate
Interest Rate Adjustment Period
Interest Rate Cap
Interest Rate Ceiling
Interest Rate Decrease Cap
Interest Rate Disclosure
Interest Rate Floor
Interest Rate Increase Cap
Interest Rate Index
Interest Rate Swap
Interest-Only Home Loan
Interim Financing
Interim Refinance
Intermediate-Term Mortgage
Intro Period
Intro Rate
Investor
Impound
That portion of a borrower's monthly payments held by the lender or servicer to pay for taxes, hazard insurance, mortgage insurance, lease payments, and other items as they become due. Also known as reserves.