A fixed percentage the lender adds to the reference index on a variable mortgage to get the interest rate.
An example
With the index at 2.5% and a 0.8% margin, the rate is 3.3%.
A fixed percentage the lender adds to the reference index on a variable mortgage to get the interest rate.
With the index at 2.5% and a 0.8% margin, the rate is 3.3%.