Wholesale Mortgage Services of Wisconsin, LLC.

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MORTGAGE GLOSSARY - M

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M

Margin
The number of percentage points the lender adds to the index rate to calculate the ARM interest rate at each adjustment.
Market Value
The highest price that a buyer would pay and the lowest price a seller would accept on a property. Market value may be different from the price a property could actually be sold for at a given time.
Mortgage Escrow Accounts
The account set by the Lender to pay Taxes and Insurance on behalf of the Borrower.
Mortgage Insurance
Money paid to insure the mortgage when the down payment is less than 20 percent. See Private Mortgage Insurance or FHA Mortgage Insurance.
Mortgagee
The lender.
Mortgagor
The borrower or homeowner.

Wholesale Mortgage Services locally serves Southeastern Wisconsin, including the communities of