Initial Interest Rate


Definition of "Initial Interest Rate"

The interest rate that is fixed for some specified number of months or years at the beginning of the life of an ARM.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Earned Premium

Portion of a premium paid by an insured that has been allocated to the insurance company's loss expe ...

Total Housing Expense

Housing expense plus current debt service payments. ...

Branch Office

Local business headquarters of an insurance company that markets and services its products and lines ...

Additional First-year Depreciation

Property value of up to $10,000 that of a taxpayer may elect to treat as an expense rather than as a ...

Debit

In insurance, debit agents list of total premiums to be collected. This also applies to the geograph ...

Corridor

Passageway providing public access from a building interior to an exit. Long interior passagewa ...

Related Real Estate FAQ

What Is A Contingency?

A contingency is a provision included in a sales contract stating that certain events must occur or ...

What Is A Term?

A term is the length of a loan. ...

What Is A Title Search?

A title search is the process of reviewing court records and other records to ensure that there are ...

What Is A Down Payment?

A down payment is the money you pay up front for the purchase of a home. ...

What Are The Benefits Of Liability Insurance?

General Liability Coverage includes: Bodily Injury Liability Coverage: Help protect you in case ...

What Type Of A Home Is A Condominium?

A condominium is a form of home ownership in which the owner owns the airspace within the walls but ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Short Sale Homes Should you Buy a Home with Cash? What Must I Disclose When Selling My Home? What is Hazard Insurance? Real Estate Open House - The Dos and Don

FAQ

What is an assessed value? What is a broker? What is zoning? What is a term? What type of Life Insurance is right for me?