The following terms were found in the Loan Glossary
beginning with the letter (I).
Please review the terms below.
Total Records Returned for (I): 3
Impound account: Also called Tax and Insurance Reserve (TIR). Accounts required if lender will pay the property taxes, mortgage insurance, and hazard insurance.
Interest: The fee charged for borrowing money.
Interest rate cap: A provision of an ARM limiting how much interest rates may increase per adjustment period.
432 Patterson Road
Dayton, OH 45419
PH: (937) 294-5555
FAX: (937) 294-5055