"M" Listings - Mortgage Glossary
- Macroeconomy – The larger economy. When speaking of real estate investing within a community...
- Management Fees – Fees paid when investing in real estate to managers who handle tenant problems...
- Manufacturing – The process of producing tangible durable goods from raw materials...
- Margin – The dollar differential amount between the mortgage loan(s) and the appraised value of the property...
- Market Rent – The amount for which the competitive rental market indicates property should rent...
- Market Value – What the property would sell for if it were put on the market today...
- Master Servicer – Required to service mortgage loans collateralizing a CMBS on behalf of, and for the benefit of, certificate holders...
- MAT – Monthly Average Treasury. (Also called MTA.) The Monthly Average Treasury is the 12 month average...
- Maturity – The end of the loan period. Also, something that a good real estate investor should possess...
- Maximum Loan to Cost – The largest amount of mortgage that a bank will give relative to cost...
- Medical Office – An office building space especially built and outfitted for use of a clinic or doctor's office...
- Mezzanine Loan – The larger economy. When speaking of...
- Mid-Rise Apartments – An apartment building that is not a high-rise...
- Minimum Replacement Reserves – The minimum amount of funds required to be set aside for replacement of common property in a condominium...
- Mixed-Use – Zoning which allows for housing, retail, medical, office, or any mixture of those spaces within a given area...
- Modified Gross – Similar to full service; however, operating expenses, taxes and insurance are included in the tenant's rent...
- Money Market – Money markets are for borrowing and lending money for three years or less...
- Mortgage – A loan on a property. Commercial mortgages are on real estate investment property...
- Mortgage Broker – An agent who represents many mortgage company and who accepts a buyer's application...
- Mortgage Calculator – Handy tool used to determine mortgage payments for a given loan period for a given mortgage amount...
- Mortgage Note – A legal document that is lets property be pledged as security for the payment of a debt or obligation...
- Mortgagee – Person who takes out a mortgage loan...
- Mortgage Insurance Premium (MIP) – The amount that a borrower pays for the insurance on an FHA or other loan...
- Mortgagor – The lender who makes a mortgage loan to a buyer...
- Multi-Family Housing – Any single structure that is designed to accommodate more than one family...
- Multi-Family Property – A general property type or building type classification characterized by its usage for multifamily residential purposes...
NEXT: View the "N" Listings in the Mortgage Glossary »