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Margin -
Added to the quoted index rate for an adjustable rate mortgage to
determine the new interest rate.
Market Value -
The probable value that a property would sell for, not to be confused with
appraisal, which is an actual value.
Maturity -
Ending due date of a loan.
Mortgagee -
The lender.
Mortgagor -
The borrower or homeowner.
Mortgage Broker -
A intermediary between the borrower and the lender that originates loans
for a placement fee.
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