Betty Goyens, Your Malibu Agent


Interim Financing

2022-01-14T00:15:29-05:00January 14, 2022||

A construction loan made during completion of a building or a project. A permanent loan usually replaces this loan after completion.

Interest Rate Floor

2022-01-14T00:15:15-05:00January 14, 2022||

For an adjustable-rate mortgage, the minimum interest rate as specified in the mortgage note.

Interest Rate Ceiling

2022-01-14T00:15:01-05:00January 14, 2022||

For an adjustable-rate mortgage, the maximum interest rate as specified in the mortgage note.

Interest Rate Buydown Plan

2022-01-14T00:14:47-05:00January 14, 2022||

An arrangement that allows the property seller to deposit money to an account. That money is then released each month to reduce the mortgagor’s monthly payments during the early years of a mortgage.

Interest Accrual Rate

2022-01-14T00:14:32-05:00January 14, 2022||

The percentage rate at which interest accrues on the mortgage. In most cases, it is also the rate used to calculate the monthly payments.

Insured Mortgage

2022-01-14T00:14:02-05:00January 14, 2022||

A mortgage that is protected by the Federal Housing Administration (FHA) or by private mortgage insurance (MI).


2022-01-14T00:13:49-05:00January 14, 2022||

The regular periodic payment that a borrower agrees to make to a lender.

Initial Interest Rate

2022-01-14T00:13:30-05:00January 14, 2022||

This refers to the original interest rate of the mortgage at the time of closing. This rate changes for an adjustable-rate mortgage (ARM). It’s also known as "start rate" or "teaser."

Indexed rate

2022-01-14T00:13:15-05:00January 14, 2022||

The sum of the published index plus the margin. For example if the index were 9 percent and the margin 2.75 percent, the indexed rate would be 11.75 percent. Often, lenders charge less than the [...]


2022-01-14T00:12:55-05:00January 14, 2022||

A published interest rate against which lenders measure the difference between the current interest rate on an adjustable rate mortgage and that earned by other investments (such as one-, three- and five-year U.S. Treasury security [...]

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