|
|
 |
Loan and Mortgage Terms Glossary |
 |
|
 |
Margin:
The difference between the interest rate and the index on an adjustable rate mortgage. The margin remains stable over the life of the loan. It is the index which moves up and down. For example, a margin of 1.50 added to a 7 percent index establishes an adjusted interest rate of 8.50 percent.
|
|
|
|
 |
| |