IMPOUND ACCOUNT >> Account held by the lender for the payment of taxes, insurance or other periodic debts against real property.

INDEX >> 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 , which is then used to adjust the interest rate on an adjustable-rate mortgage. Examples include LIBOR, the Prime Rate and Treasury indices. The Wall Street Journal publishes index information.

INITIAL ADJUSTMENT CAP >> This is the 1st rate adjustment on an adjustable rate mortgage loan.

INQUIRIES >> An indication of credit investigations made by companies that are considering granting credit to a person who appears on the credit report.

INSTRUCTIONS TO TITLE >> A form that instructs the title company how to record a lien against a property and issue a title insurance policy.

INTEREST >> Money charged over time for the use of money .

INTEREST BEARING >> A form of interest calculation in which the loan is charged at a daily or monthly rate on the current outstanding balance.