Mortgage terms starting with I

8 terms

1. Implied Guarantee The assumption, prevalent in the financial markets, that the federal government will cover GSE debt obligations.
2. Inspector General Act Enacted in 1978, this Act authorized establishment of Offices of Inspectors General, “independent and objective units” within federal agencies that…
3. Inspector General Reform Act Enacted in 2008, this Act amended the Inspector General Act to enhance the independence of inspectors general and to create a Council of the Inspectors…
4. Interest The term interest is used to describe the cost of using money, a right, share, or title in property.
5. Interest rate The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time.
6. Interest Rate Risk Interest-rate risk describes the impact that a change in current interest rates is likely to have on the value of your investment portfolio.
7. Interest-Only Mortgage With an interest-only mortgage loan, you pay only the interest portion of each scheduled payment for a fixed term, often five to seven years.
8. Investment Property a property not considered to be a primary residence that is purchased in order to generate income, profit from appreciation, or to take advantage of…