Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Impound Account
An impound account is an account established by the lender to pay a borrower's tax and insurance costs.
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A published interest rate to which the interest rate on an adjustable rate mortgage is tied.
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Interest-only loan option
A loan that does not require a principal payment for a period of time.
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