Mortgage Definitions

Blanket Mortgage

Blanket Mortgage Definition: A blanket mortgage is financing that covers multiple plots of land in a purchase by one borrower ...
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High Ratio Mortgage Canada

High Ratio Mortgage Canada The high ratio mortgage in Canada is a great way to get into your house sooner ...
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Mortgage Postponement

Mortgage Postponement There are times when the obligations of a mortgage become more than what borrowers can manage. There are ...
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Open vs Closed Mortgages

Open vs Closed Mortgages Knowing the best loan for your needs is not always easy, but the first thing you ...
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Vendor Take Back Mortgage

What is vendor take back mortgage? Take Back Mortgage Definition:A vendor take back mortgage which is also know as a ...
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What does foreclosure redeemed mean

What does foreclosure redeemed mean Foreclosure redeemed definition The formal foreclosure process begins once your lender formally accelerates the promissory ...
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What is a Collateral Mortgage

In Canada, the collateral mortgage is a specific type of loan that you may (or may not) want attached to ...
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Bridge Mortgage Financing

Bridge Financing And Your Mortgage So you've been plugging away at your finance job in Calgary for five or six ...
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Flex Down Mortgage

What is a flex mortgage loan? Here's how a flex down mortgage works. If you're looking to buy a home ...
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Hard Money Commercial Lenders

How to obtain commercial hard money loans for commercial real estate When it comes to finding a commercial hard money ...
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Hard Money Residential Loans

Hard money loans are granted on the basis of the collateral asset rather than the credit of the borrower himself ...
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Jumbo Mortgage Definition

An Overview of Jumbo Mortgages Jumbo Mortgage Definition: A "jumbo" mortgage is a mortgage in an amount higher than their ...
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Understanding Bridge Financing

Most people don’t spend their entire adult lives in the first home that they buy. Sometimes they move to another ...
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Variable Rate Mortgage Canada

Understanding the Variable Rate Mortgage in Canada When you are taking out a mortgage for your new home, one of ...
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What is Mortgage Interest

What is Mortgage Interest? In the current real estate market, one of the most popular topics is the interest rate ...
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What is Mortgage Principal

What is Mortgage Principal? When you start making mortgage payments, you'll notice that it splits into two portions: interest and ...
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