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Nicolas Romo |
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(714)
231-3772 |
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Lic.
# 01787685 |
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Hablo Español |
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Index
A published interest rate that banks use to measure
the difference between the current interest rate on
an ARM and that earned by other investments (such as
the monthly avg. interest rate on loans closed by
savings & loan institutions, 1, 3, and 5 year U.S.
Treasury Security yields, and the monthly avg.
Costs-of-Funds incurred by savings & loans), which
is then used to adjust the interest rate on an ARM
either down or up.
Interest
Interest is consideration in the form of money paid
for the use of money, which is usually expressed as
an annual percentage rate (APR). Interest is also a
share, right, or title in property.
Interest Only
A term loan arrangement that requires payments of
interest only, excluding any amount for principal.
Interest Rate
Interest rate is the percentage of a sum of money
that is paid for its use over a certain period of
time.
Interest Rate Swap
A transaction between two individuals, where each
party agrees to exchange payments tied to different
interest rates or indices over a certain period of
time.
Intermediate-Term Mortgage
A mortgage that, at the time of purchase, has a
stated maturity that it is equal to or less than 20
years. |
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