Insurance
Protection against a specific loss, such as fire, wind etc., over a period of time that is secured by the payment of a regularly scheduled premium.
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.
Interest-Only Mortgage
A mortgage where the homeowner pays only the interest on the loan for a specified amount of time.
Investor
The owner of the loan on a property.
