Mortgage FAQ

Frequently asked mortgage questions

What is?
Amortization
Appraisal
Blended Payments
Certification Of Location
Certification Of Search
Closed Mortgage
Closing Costs
Closing Date
Condition Offer
Conventional Mortgage
Deposit
Down Payment
Equity
Fire/Property Insurance
Fixed Rate Mortgage
Gross Debt Service Ratio (GDS)
High Ratio Mortgage
Interest Rate
Loan To Value (LTV)
Maturity Date
Mortgage Default Insurance
Mortgage Life Insurance
Offer To Purchase
Open Mortgage
P.I.T.
Prepayment Charge / Penalty
Prepayment Option
Principal
Refinance
Renew / Switch
Term
Title
Total Debt Service Ration (TDS)
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