MORTGAGE LENDERS of CANADA - Glossary of Terms

Glossary of Terms - Mortgage Types

Pre-Approved Mortgage

Conventional Mortgage

High-Ration Mortgage - CMHC / GE Capital Insured

First Mortgages

Open Mortgages

Closed Mortgages

Fixed-Term Mortgages

The Adjustable Rate (A.R.M.) Mortgage

Second Mortgages

Secured Lines of Credit

Equity Mortgages

Multiple Term Mortgages

The 6 Month Convertible Mortgage

All-Inclusive-Mortgage (A.I.M.)

Bridge Financing