Mortgage Glossary 'I'

Index to Insurance
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Index to Insurance – Glossary of Mortgage Terms

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A B C D E F G H I J L M O P R S T U V
  • Index: a measurement used by lenders to determine changes to the Interest rate charged on an adjustable rate mortgage.
  • 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 rate: 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.

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