Fully Indexed Rate
Interest rate on an adjustable rate mortgage based on the total of the current value of an index and margin applicable to the mortgage. The rate is the basis for the computation of monthly loan payments. Assume a mortgage is indexed to the consumer price index, and it has a value of 5%. The margin on the loan is 1.5%.The fully indexed rate will be 6.5% which is the basis for the initial year's interest rate. The interest rate will change each year depending on the change in the related index.
Popular Real Estate Terms
Losses arising from damage to or destruction of property. ...
Financial characteristics or standards that a potential investor is evaluated on to judge his or her suitability for a particular investment program. For example, to determine whether a ...
Business entity providing water services in a particular locality. ...
The imposition or collection, usually by legal or governmental authority, of an assessment of a specified amount. An example is a tax assessment on real estate. ...
The floor of a building closets to the building grade. Normally, the ground floor of a building is the first floor. A ground floor can sometimes be located between the first floor and the ...
An insect, such as a termite, that "eats into" the wood and destroys it. This can cause significant damage to the home. Most states have laws that require termite inspection and ...
Net return on a real estate investment. It equals the income less the expenses associated with the property. ...
This situation applied in some states when death prevents the seller of property, who has signed a real estate sale agreement, from completing the sale. In this situation , equitable ...
Insurance affording protection against losses due to damage to or destruction of property or contents therein. Insurance protects assets and any future income thereon from loss, such as a ...
Have a question or comment?
We're here to help.