Lock-in Period

Lock-in Period – David Reecher Period of time during which a lender guarantees to the buyer, a specified interest rate, regardless of a rise in market rates. The longer the time period of the guaran... Read More

Margin

Margin – David Reecher 1. A constant amount added to the value of the index for the purpose of adjusting the interest rate on an adjustable rate mortgage.2. Percentage added to the index of a loan a... Read More

Liquidation Price

Liquidation Price – David Reecher Cash value or other consideration that can be received in a forced sale of assets. Liquidation value is typically less than that which could be received from sellin... Read More