The Glossary Mortgage Terminology
Del Financial's Glossary consists of the more commonly used definitions, meanings, and descriptions used within the mortgage and real estate industry. As always, if you have any questions, please call us at (800) 469-5861.
- A A
- B B
- C C
- D D
- E E
- F F
- G G
- H H
- I I
- J J
- K K
- L L
- M M
- N N
- O O
- P P
- Q Q
- R R
- S S
- T T
- U U
- V V
- W W
- X X
- Y Y
- Z Z
[ Bottom of Page ]
I
- Inquiry
- a credit report request. Each time a credit application is completed or more credit is requested counts as an inquiry. A large number of seperate inquiries over short period of time can sometimes make a credit score lower.
- Interest
- a fee charged for the use of borrowing money.
- Interest Rate
- the amount of interest charged on a monthly loan payment, expressed as a percentage.
- Intermediate Term Mortgage
- a mortgage loan with a contractual maturity from the time of purchase equal to or less than 20 years.
[ Top of Page ]
I