HomeTermsCompareFinance Wild InterestThe definition for Wild Interest:An interest of record which cannot be traced in the chain of title. Frequently occurs when an incorrect legal description appears on a document. An apparent wild interest may occur if a woman who changes her name through marriage after acquiring property, sells the property using her married name only. Similar MatchesAdd on InterestAdd on InterestA method of charging interest usually used in the financing of automobiles, but not generally used in real estate financing. Interest is computed on the total amount borrowed and added on to the principal. Each payment is then deducted from this total amount. Interest on real estate loans is usually figured based on the balance owing after each payment is made (declining balance). Future InterestFuture InterestA present interest, but only a future right to possession and enjoyment of the land, such as a remainder interest, reversionary interest, etc. Interest CapInterest CapThe maximum interest rate increase of an Adjustable Mortgage Loan. For example: a 120% loan with a 5% interest rate cap would have maximum interest for the life of the loan which would not exceed 17%. Further SuggestionsLessees InterestVariable Interest Rate Click to compare definitions of Wild Interest Click to view definitions beginning wi |