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Impound, or Reserves	The portion of a borrower's monthly payments held by the lender to pay for taxes, hazard and mortgage insurance, lease payments, and other items that will come due
Income approach	The method of estimating the value of a property by calculating its generated income
Income property	Real estate developed for the purpose of generating income
Indemnify	To provide for compensation in the case of loss or damage to property
Indemnity	The statement of terms under which loss or damage to property will be compensated
Index	A published interest rate used by lenders to compare the interest rate for an adjustable-rate mortgage (ARM) with that earned by other investments (e.g., the yield on Treasury bills, interest rate on loans from savings and loans institution, etc.), as a result of which the ARM interest rate is adjusted
Ingress	The right to enter on or over a piece of property
Insurable Title	A property title which an insurance company is willing to insure against possible claim
Installment contract, or Contract for deed	A contract for the sale of real estate whereby the buyer is in possession of the property while paying off the purchase price in periodic installments, despite the title being retained by the seller until the future date of final payment
Insured closing letter	An indemnity provided by a title insurance company to a lender, whereby the title insurance company assumes responsibility in the case that the closing agent does not fulfill the terms of the loan, or misappropriates the loan proceeds
Insured mortgage	A mortgage that is protected by the Federal Housing Administration (FHA) or by private mortgage insurance (MI) so that if the borrower defaults on the loan, the insurer compensates the lender the lesser of the loss incurred or the actual insured amount
Interest rate buydown plan	An arrangement made for the initial years of a mortgage whereby the seller (or any other party) deposits money into an account that is then released toward the monthly payments on the mortgage, thereby bringing the mortgagor's interest rate down below the actual interest rate
Interest rate ceiling	The maximum interest rate for an adjustable-rate mortgage (ARM), as specified in the mortgage note
Interest rate floor	The minimum interest rate for an adjustable-rate mortgage (ARM), as specified in the mortgage note
Interim financing	A temporary or short-term loan, often made during the construction phase of a building project, and usually replaced by a permanent long-term mortgage
In testate	The condition of dying without leaving a will. The description of an estate without a will
Involuntary lien	A claim or charge against property placed without the consent of the property's owner

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

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Andrew Malone RE/MAX Around Atlanta 240 Sandy Springs Place Atlanta, GA 30328 Cell: 404.246.3265 Office: 404.252.7500 E-fax: 800.385.1350 Fax: 404.974.4930 Email: andrewmalone@NUMBER1EXPERT.com Email: amalone@remax.net Email: remaxofatlanta@gmail.com I am a Cum Laude graduate from Georgia State University with a degree in Finance and Marketing. I began my real estate career after graduating from college at the age of 23. I have been an individual practitioner in real estate for 9 years with RE/MAX in Atlanta, Georgia. I have helped over 250 familes find homes and average 30 home sales/year. My successes include: Presidents club –1 year, 100% club – 5 years, Platinum club – 1 year, Top New Agent 2004, #2 Agent in office 2006, #1 Agent in office 2007 & 2008, Top Team 2009 & 2010, Real Estate Lifestyle Magazine – Rising Real Estate Star 2007, Jezebel Magazine - Who's Who in Atlanta 2010. www.FindYourAtlantaHome.com is brought to you by Andrew Malone Best Image Agent(s) in real estate for Old Fourth Ward, Midtown, Virginia Highlands, Inman/Candler Park and Grant Park, Georgia Read Andrew Malone's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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