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Definitions covering: Index through Insurance

Require a definition for a mortgage financing term that begins with a different letter?
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  • Index: a measurement used by mortgage lenders to determine changes to the interest rates charged on adjustable rate home loans.
  • Inflation: the number of dollars in circulation exceeds the amount of goods and services available for purchase; inflation results in a decrease in the dollar's value.
  • Interest: a fee charged for the use of money .
  • Interest rates: the amount of interest charged on a monthly loan payment; usually expressed as a percentage.
  • Insurance: protection against a specific loss over a period of time that is secured by the payment of a regularly scheduled premium.