 Sam
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Joined: 21 May 2005
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 Posted: Fri Jul 22, 2005 11:26 pm Post subject: Terminologies for Alphabet I-L |
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Terms for I- Index
Index is a published interest rate that is used to establish the interest rate offered on an ...
- Impound Account
The term Impound Account or Escrow Accounts means a bank account which is set up by the ...
- Indexed Rate
Interest rates on adjustable rate mortgages (ARMs) depend upon the changes in an economic ...
- Initial Interest Rate
Initial interest rate is the introductory rate that a lender offers on your adjustable rate ...
- Installment Loan
Installment Loan is a purchase agreement in which the borrowed money is repaid in equal...
- Insured Mortgage
Insured mortgages are mortgages insured either by the Federal Housing Administration ...
- Interest
Interest can be defined as an additional charge on the principal balance of the loan. It is ...
- Interim Financing
Interim Financing is a short term construction loan made during completion of a building or a ...
- Investment Property
Investment Property is a real estate, owned with the intention of earning a return from it. The ...
- Islamic Mortgage
Islamic Mortgage is an innovative financial product. It is against the Islamic law to pay or ...
- Illiquidity
Illiquidity is a condition in which a person has inadequate cash to meet current obligations.
- Implied Contract
Implied Contract is a legal relationship which is created by actions of the parties, without ...
- Individual Saving Account Mortgage
Individual Saving Account Mortgage uses stock market-based investments for tax-free growth ...
- Interest Only Payment
Interest-only payment is a repayment option available with fixed rate mortgages, adjustable ...
- Interest Rate Ceiling
Interest Rate Ceiling is the absolute maximum interest rate that a lender can charge for an...
- Interest Rate Differential
Interest Rate Differential is a type of compensation, which is charged by the lender if the...
- Interest Rate Floor
Interest Rate Floor refers to the minimum interest rate that the lender charges on an ...
- Interest Rate Swap
Interest Rate Swap refers to an agreement between two parties that allows them to exchange ...
- Intermediate-Term Mortgage
Intermediate-Term Mortgage is a mortgage loan with a contractual maturity at time of purchase ...
Terms for J- Junior Mortgage
Junior mortgage is a home loan which is subordinate to the claims of a previous mortgage ...
- Joint Tenancy
Joint Tenancy is a form of ownership by two people, usually spouses, that gives each person ...
- Joint Venture
Joint Venture is an agreement between two or more than two parties, who invest in property ...
- Judicial Foreclosure
The mortgage laws in each state in the United States permit two kinds of foreclosure ...
- Jumbo Loan
Jumbo loans or non-conforming mortgages are home loans that have limits higher than ...
Terms for K- Kicker
Kicker is an income feature added to a mortgage loan program through which the borrower ...
Terms for L- Lease-purchase Mortgage Loan
Lease-purchase Mortgage Loan is an alternative financing option that allows low-and ...
- Liquid Asset
Liquid Asset is an asset, cash or any other property, that can be easily and quickly converted ...
- LIBOR
The term LIBOR or the London Inter Bank Offering Rates is simply an average of the interest ...
- Laches
Laches refers to undue delay or negligence in asserting the legal rights of an individual. It ...
- Late Charge
Late Charge is the penalty that lenders charge from borrowers on account of making their ...
- Lease
A lease or tenancy refers to an interest in the personal property or real property given by a ...
- Lease Hold Mortgage
Lease hold mortgage is a mortgage loan on a home, where the borrower does not actually ...
- Leasehold Estate
Leasehold Estate refers to an ownership interest in property which a lessee or tenant ...
- Lien
Lien is a legal claim or attachment against a piece of property, for the payment of a debt ...
- Loss Mitigation
Loss Mitigation are the activities designed to reduce, the chances of the corporation ...
- Low Down Mortgage
Low down payment mortgage is a type of loan, in which borrower is required to make ...
Last edited by Sam on Mon Aug 13, 2007 1:50 am |
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