Dual Index Mortgage  Mortgage Glossary

Mortgage Glossary

Below is an A-Z glossary of general terms used within the mortgage industry. Click on any term to view a detailed explanation. Use the alphabet below to navigate quickly to a term beginning with:



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Dual Index Mortgage

For complete flexibility, some mortgage lenders will have a dual index linked mortgage whereby the interest rate varies depending on a certain index such as the COSI and the actual monthly payments vary depending on the income and savings level of the borrower. Particularly useful if the borrower has an unpredictable income stream.

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Typical Interest Payments

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2.89%

Purchased Fixed

2.89%

Discounted Rate

2.99%

Buy To Let

2.99%

Commercial

3%

 

 

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Mortgage Glossary

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