Define Certificate of deposit index (CODI) - Knox County Real Estate Questions & Answers

Realtor Jargon:
Base loan amount -
The loan amount upon which payments are based. If the borrower chooses to finance closing costs or other fees these costs will be added to the base loan amount and payments adjusted to reflect the larger loan balance.

Certificate of deposit index (CODI)
An index based on interest rates of six-month CDs. Commonly used to determine interest rates for some adjustable rate mortgages.

Click a link below for related topics

For a more indepth definition or explanation of Certificate of deposit index (CODI) and how it affects your real estate transaction, call me!