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A mortgage margin is the difference between the index and the interest rate charged for a particular loan. The margin is a fixed percentage point that is predetermined by the lender and added to the index to compute the interest rate. A lender’s margin remains fixed for the entire term of the loan. Your lender is required to disclose the index to which your loan is tied, the margin that will be tacked on to your rate, and any rate or payment caps that apply.

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