MORTGAGE LENDERS of CANADA
Glossary of Terms

 
 
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LendingMax.ca - Canada's mortgage approval specialists

 

Glossary of Mortgage Terms

 

Agreement of Purchase and Sale
Amortization
Appraisal
Broker
Closed Mortgage
Closing Date
Condition
Conditional Offer
Conventional Mortgage
Convertible Mortgage
Deposit
Discharge
Easement
First Mortgage
GDSR
High Ratio Mortgage
Hold-back
LTT
Mortgage Life Insurance
Mortgage Loan Insurance
Mortgagee
Mortgagor
Mortgage Insurance Premium
Mortgage Term
Mortgage Types
Offer to Purchase
Open Mortgage
Variable Rate Mortgage
P&I&T
P&I
Penalty
Power of Sale
Prepayment Option
Principal
Purchase Plus Plan
Rate (interest)
Real Estate
Roll-Over Mortgage
Sales Representative
Survey
TDSR
Term
Title
T.I.P.P's
Vendor Take Back
Zoning Laws

 

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