Dual Index Mortgage

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Definition: Dual Index Mortgage

Dual Index Mortgage
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Full Definition of Dual Index Mortgage

A type of mortgage that stipulates the changing of the interest rate depending on an interest rate index. The mortgage’s monthly payment is also adjusted based on salary index and wage.

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Page URL
https://payrollheaven.com/define/dual-index-mortgage/
Modern Language Association (MLA):
Dual Index Mortgage. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/dual-index-mortgage/.
Chicago Manual of Style (CMS):
Dual Index Mortgage. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/dual-index-mortgage/ (accessed: April 19, 2024).
American Psychological Association (APA):
Dual Index Mortgage. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/dual-index-mortgage/

Definition Sources

Definitions for Dual Index Mortgage are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.