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.
Related information about dual index mortgage:
- Dual Index Mortgage Definition | Investopedia
A type of mortgage where the interest rate paid on the outstanding balance is indexed to a interest rate benchmark plus a margin, and the actual total mortgage ...
- What is a Dual Index Mortgage?
Jun 22, 2012 ... A mortgage on which the interest rate is adjustable based on an interest rate index, and the monthly payment adjusts based on a wage and ...
- What is dual index mortgage? definition and meaning
Definition of dual index mortgage: A mortgage in which the rate of interest that is paid on the outstanding balance is tied to an interest rate benchmark plus a ...
- Dual Index Mortgage - Financial Dictionary - The Free Dictionary
A mortgage on which the interest rate is adjustable based on an interest rate index, and the monthly payment adjusts based on a wage and salary index.
- Are There 5% Loans in Mexico? Dual Index Mortgages - Mortgage ...
Sep 21, 1998... of mortgages such as the PLAM ("price level adjusted mortgage") and the DIM ( "dual index mortgage"). Your friend could have either type but ...
- ScienceDirect.com - World Development - Mortgage design under ...
In summary, a dual index mortgage is like wage indexation in its attempts to balance out fluctuations in real repayments over the course of the loan. Unlike wage ...
- Mexico Mortgage Broker,Mexico Mortgages, Mortgage in Mexico ...
In the year 1984 the central bank of Mexico made a use of the dual-index mortgage (DIM) system as a means to improve the borrower affordability without ...
- to download the full document - Government Innovators Network ...
May 2, 2000 ... sheets, the dual-index mortgage or DIM, is a complicated asset for investors to price. The contractual provisions that determine monthly ...