Real Estate Glossary



  Index

A number used to compute the interest rate for an adjustable-rate mortgage (ARM). The index is generally a published number or percentage, such as the average interest rate or yield on Treasury bills. A margin is added to the index to determine the interest rate that will be charged on the ARM. This interest rate is subject to any caps that are associated with the mortgage.

 

[ Back To Real Estate Glossary ]


Stephanie Smith, REALTOR,
Westfield, New Jersey Real Estate
Antique & Historic Homes
Corporate Relocation
Beach & Waterfront Properties
Coldwell Banker Residential Brokerage,
209 Central Avenue,Westfield, New Jersey 07090

Great Links:
Westfield, NJ Westfield Today
Westfield, NJ Historic Society
Westfield, NJ Chamber of Commerce Westfield, NJ Trader Joe's Westfield, NJ Starbucks
New York City Historical Society
Attention Horse Lovers!


Find Your Dream Home | My Listings | Recent Sales | Click for Info | Market Analysis | GardenState MLS | Important Area Links | Important Numbers | Weather Report | Resources & Links | Staging Suggestions | About Me | Contact Stephanie | Blog | Corporate Website | Mortgage Calculator | Mortgage Rates | Real Estate News | Dining & Shopping | Recent Homes Sales | HGTV | Home

Real Estate Websites by iHOUSEweb, Inc. ®

Site Admin Menu