Real Estate Glossary


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  • 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.
     
  • Insurance - Protection against a specific loss over a period of time that is secured by the payment of a regularly scheduled premium.
     
  • 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.