MORTGAGE GLOSSARY: INSURED LOANS to INVESTMENT PROPERTY

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Insured Loans
A loan insured by FHA or a private mortgage insurance company.
Example

Interest
Consideration in the form of money paid for the use of money. Also a right, share or title in property.
Example

Interest Rate
The percentage of an amount of money which is paid for its use for a specified time.
Example

Investment Property
Real estate owned with the intent of supplementing income and not intended for owner occupancy.
Example