MORTGAGE DISCOUNT
mortgage discount. The difference between the mortgage principal and the amount the mortgage actually sells for; the up-front charge by a lender at a real-estate closing for the costs of financing. ? Although usu. paid by the buyer, the discount is sometimes paid by the seller when required by law, as with a VA mortgage. ¡ª Also termed point; mortgage point; loan-brokerage fee; new-loan fee.
How do bilingual lawyers in China usually translate the term MORTGAGE DISCOUNT?
About LegalLingo
LegalLingo, a Shanghai-based translation agency, is a recognized leader in comprehensive legal language solutions for the legal industry. We provide the world’s leading law firms and corporate legal teams with a full suite of services, ranging from the translation of contracts and compliance documentation to full-scale multilingual litigation requiring certified translation and Chinese document review. We deliver customized legal document translation solutions based on your case’s size and budget requirements, utilizing industry-leading technology to ensure accuracy, lower costs and faster turnaround times.
