Impound account
Income approach
Institutional lender
Instrument
Interest rate
Interest rate cap
Impound
Index
Initial interest rate
Installment
Insurable title
Insurance binder
Insured closing letter
Interest reduction programs
Interest
Introductory rate
Joint note
Joint tenancy
Judgement
Judgement lien
Jumbo loan
Joint and several note
Judgment
Junior mortgage
Kick-our clause
Land
Land contract
Late charge
Lease
Legal description
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Impound account
Impound account - A trust type account held by a lender for payment of taxes, insurance premiums, mortgage insurance premiums or other periodic debts against real property in order to protect their interests. Funding the impound account is done at loan closing and accumulation included in the monthly mortgage payments.
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