Real Estate
Glossary
This glossary has been provided to help Colorado Springs
homebuyers understand the unique language
of the real estate business.
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | Y | Z Margin:
The difference between the interest rate and the index on an
adjustable rate mortgage is called Margin. This remains stable
over the life of the loan. It is the index that moves up and
down.
Maturity:
The principal balance of a loan, bond, or other financial instrument
becomes due and payable on a specific date. That date is known
as Maturity.
Merged credit report:
This is a kind of credit report that reports the raw data pulled
from two or more of the major credit repositories.
Modification:
Sometimes, a lender agrees to modify the terms of the mortgage
without requiring you t refinance. If any changes are made in
it, then it is called a modification.
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