A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

M

Majority	The age at which an individual is legally entitled to handle his or her own affairs
Margin	The amount added to the index on an adjustable-rate mortgage (ARM) that establishes the adjusted interest rate at a given time
Market value, or Fair market value	The most likely price that a piece of property or home can realistically be sold for, and is dependent on the selling price of similar real estate in the area
Marketable title	A clear, unencumbered title, reasonably acceptable without the threat of the risk of litigation
Maturity	The date on which the principal balance of a loan, bond, or other financial commitment is due and payable
Mechanic's lien	A lien created by statute to allow unpaid contractors, laborers or suppliers who have performed work on or furnished materials for the construction of a building to recover the value of their work
Metes and Bounds	Means for describing property by a set of directions and distances, when there isn't identification based on a surveyed lot number
Minor	An individual below the age at which he or she is legally entitled to handle his or her own affairs
Monument of Survey	le indications made on natural or man-made objects that indicate the boundaries of a survey
Mortgage	A legal document that pledges a property to the lender as security for the payment of a loan or debt
Mortgage broker	An individual or company that acts as an agent between borrowers and lenders for the purpose of arranging and negotiating mortgage contracts; who is paid a fee for such service
Mortgage insurance	A contract that guarantees the lender against loss caused by a mortgagor's default on a government or conventional mortgage; such insurance can be issued by a private company or by a government agency, and covers either only a percentage, or the total, of the mortgage loan
Mortgagee	The lender in a mortgage transaction
Mortgagor	The borrower in a mortgage transaction
Multiple-listing service (MLS)	An organization of brokers who share their listing agreements with one another in order to find buyers for their properties more effectively than they could individually

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Maggie Chen LC Platinum Realty Inc. 150 Ouellette Place Windsor, ON N8X 1L9 Cell: 519-919-2398 Office : 519-972-3888 Toll Free: 1-855-972-3888 Fax: 519-972-3898 Email: Maggie@lcplatinumrealty.com A solid background in both mortgages and real estate plus a total dedication to CLIENT SATISFACTION explain our great sales success and our many satisfied customers. Maggie knows the Windsor/Essex area completely, listens to your hopes and dreams, and then converts them to tangible reality. Before you decide on any course of action involving Windsor/Essex Real Estate, talk to Maggie. You won't regret it! www.WindsorDreamHomes.com is brought to you by Maggie Chen, real estate for Windsor and Chatham, Ontario Read Maggie Chen's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge NUMBER1EXPERT® © Homes Media Solutions™, a division of Dominion Enterprises and/or its clients. All rights reserved. All information deemed reliable but not guaranteed.