Category: Business
Created by: mbourgaize
Number of Blossarys: 6
English (EN) Mortgage that exceeds seventy-five percent of the loan-to-value ratio. It must be insured by either the Canada Mortgage and Housing Corporation (CMHC) or a private insurer to protect the lender ...
Current and comprehensive listing system to provide information on properties for sale. It offers the widest exposure to properties listed for sale, including exposure on the Internet. Source: ...
Number of years it takes to repay the entire amount of the mortgage by periodic payments to the creditor. Source: Vancouver Island Real Estate Board; Random House Webster's Unabridged Dictionary.
When the seller reduces the interest rate on a mortgage by paying the difference between the reduced rate and market rate directly to the lender or to the buyer. Source: Vancouver Island Real Estate ...
Real estate transaction completion, when the parties involved agree that all legal and financial obligations have been met and the deed to the property is transferred from the seller to the buyer. ...
Process of transferring the seller's title to the buyer which indicates all the necessary steps to complete the transfer. A conveyancer is a lawyer or Notary Public responsible for the conveyance ...
Legal process by which the lender takes possession and ownership of a property when the borrower does not meet the mortgage obligations.
