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Margin
The lender's "retail markup" on the mortgage. For example, if the index rate for an adjustable-rate mortgage is 5 percent but the lender has a 2.5 percentage-point margin, the rate the borrower will pay is 7.5 percent.
Market value
The price that a piece of property sells for at a particular point in time.
Maximum financing
A loan amount within 5 percent of the highest loan-to-value ratio allowed for a property.
Mortgage
A legal document specifying a certain amount of money to purchase a home at a certain interest rate, and using the property as collateral.
