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Mortgage Terms: Mortgage Price Definition

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Mortgage Terms: Mortgage Price Definition

Mortgage price

Definition

The interest rate, points and fees paid to the lender and/or mortgage broker.

On ARMs, the price also includes the fully indexed rate and the maximum rate.

Read What Is the "Price" of a Mortgage?

Related Terms

Other terms related to 'Mortgage price' starting with the letter 'M'

Mortgage company, Mortgage lender, Mortgage insurance, Mortgage auction site, Mortgage program

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