Business and Personal Finance Dictionary

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• MAXIMUM FINANCING - A mortgage amount that is within 5 percent of the highest loan-to-value (LTV) perce...
  
  
• MAXIMUM FORWARD RATE SMOOTHING - An alternative yield curve smoothing technique. The most accurate yiel...
  
  
• MAXIMUM LOAN AMOUNT - The largest loan size permitted on a particular loan program. For programs where ...
  
  
• MAXIMUM LOAN TO VALUE RATIO - The maximum allowable loan-to-value ratio on the selected loan program.
  
  
• MAXIMUM LOCK - The longest period for which the lender will lock the rate and points on any program. Th...
  
  
• MAXIMUM MONTHLY PAYMENT - The maximum payment a borrower may qualify for based on their income and debt...
  
  
• MAXIMUM OUT-OF-POCKET COSTS - Limit the insured will have to pay out of pocket. Includes things like de...
  
  
• MAXIMUM PRICE FLUCTUATION - The greatest amount by which the contract price can change, up or down, dur...
  
  
• MAXIMUM RETURN CRITERION (MRC) - Standard that one choose the asset with the highest return.
  
  
• MAXIMUM TERM - The maximum length of a home loan or a specific portion within that loan. (normally 25 o...