Las Vegas real estate home page
improvements
|
An addition to land which costs labor or capital (buildings,
pavements, etc.), more or less permanently attached. More than
repair or replacement. |
income property
|
Real estate developed or improved to produce income. |
income approach
|
a method appraising real estate based on the property’s
anticipated future income. |
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. |
interest
|
The fee charged for borrowing money. |
interest only loan
|
A loan in which interest is payable at regular intervals
until loan maturity, when the full loan balance is due. Does not
require amortization. Contrast with self-amortizing
mortgage. |
interim financing
|
A loan, including a construction loan, used when the property
owner is unable or unwilling to arrange permanent financing.
Generally arranged for less than 3 years, used to gain time for
financial or market conditions to improve. |
interest rate
|
The percentage of an amount of money that's paid for its use
over a specified time period. |
