There are 9 names in this directory beginning with the letter M.
A specified percentage that is added to your chosen financial index to determine your new interest rate at the time of adjustment for ARM loans.
Insurance to protect the lender in case you default on your loan. With conventional loans, mortgage insurance is generally not required if you make a down payment of at least 20% of the home’s appraised value. (Note, however, that FHA and VA loans have different insurance guidelines.)
A loan for which real estate serves as collateral to provide for repayment in case of default.
Legal document obligating a borrower to repay a loan at a stated interest rate during a specified period of time. The agreement is secured by a mortgage or deed of trust or other security instrument.