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Mortgage glossary
Whether you are buying a home or refinancing, applying for a mortgage is a big step. Use our mortgage glossary to help you through the process. Our comprehensive glossary of mortgage loan terms is even used by loan officers and real estate professionals. Bookmark our mortgage glossary as a quick mortgage definitions and vocabulary reference. |
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- Margin
The amount that lenders charge above an index, usually expressed as percentage points.
- Market value
The market at which a piece of property would sell between a reasonably informed buyer and a reasonably informed seller. In real estate markets, comparable recent sales help the buyer and seller decide the fair market value.
- Maturity
The date a loan's principal amount is due in full.
- Mediation
The process of dispute resolution involving a neutral third party (mediator).
- Merged credit report
A summarized version of a person's credit history combining information from all the credit reporting agencies.
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| National
mortgage rates |
| 11/21/2009 4:52:06 AM
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