Realtor Jargon:
Margin:
A percentage added to the index and fixed for the life of the loan. When the initial interest rate on an adjustable-rate loan has expired, the interest rate moves toward the sum of its index plus a margin.
Back%title%letter


Back title letter

A letter that a title insurance company gives to an attorney who then examines the title for insurance purposes.



Click a link below for related topics

For a more indepth definition or explanation of Back title letter and how it affects your real estate transaction, call me!