Terms with Tag Loan
- Combined Loan-to-Value (CLTV) — Acronym, Very Important,
- The connection between the unpaid principal balances of all the mortgages on a property (first and second usually) and the property's appraised value (or sales price, if it is lower).
➥ A term used by mortgage lenders and mortgage underwriters. - Commercial Line of Credit (CLOC) — Acronym,
- Commercial Loan Origination (CLO) — Acronym,
- Commercial Property Finance (CPF) — Acronym,
- Convertible Unsecured Loan Stock (CULS) — Acronym,
- Credit Contingent Interest Rate Swap (CCIRS) — Acronym,
- Current Loan-to-Value Ratio (CLTVR) — Acronym,
- Debt Service Ratio (DSR) — Acronym, Important,
- Dedicated Loan Origination and Servicing (DLOS) — Acronym,
- Dell Financial Services Canada (DFSC) — Company, Canada,
- Demand Promissory Note (DPN) — Acronym,
- Equity Line of Credit (ELOC) — Acronym,
- Farm Credit Canada (FCC) — Company, Canada,
- Federal Business Development Bank (FBDB) — Acronym, Canada, ➥ Now called the Business Development Bank of Canada.
- Financial Services Commission of Ontario (FSCO) — Company Est. 1998, Ontario, Canada, Very Important,
- A regulatory agency of the Ministry of Finance that protects public interests and regulates insurance, pension plans, loan and trust companies, credit unions, caisses populaires, mortgage brokering, and co-operative corporations in Ontario.
➥ Oversees the mortgage, insurance and pension industries in Ontario. - First Data Loan Company, Canada (FDLCC) — Company, Mississauga, Ontario, Canada,
- First National Financial Corporation (FNFC) — Company, Toronto, Ontario, Canada,
- First National Financial LP is Canada’s largest non-bank lender, offering both commercial and residential mortgage.
➥ Now called First National Financial LP. - First Nations Finance Authority (FNFA) — Company, Westbank, British Columbia, Canada, ➥ Non-profit organization that provides low-rate loan, investment options, and capital planning advice to First Nation governments.
- Firstline Mortgages (FLM) — Company, Toronto, Ontario, Canada, Very Important,
- As of July 31, 2012, Firstline Mortgages announced that it will no longer be accepting new mortgage clients.
➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages. - Fully Secured on Land (FSOL) — Acronym,
- Fully Secured on Residential Property (FSRP) — Acronym,
- Funded Interest Term Loan (FITL) — Acronym,
- Grand Bank Development Corporation (GBDC) — Company, Grand Bank, Newfoundland, Canada,
- High Combined Loan to Value (HCLTV) — Acronym,
- Home Equity Combined Loan to Value (HCLTV) — Acronym,
- Home Equity Instalment Loan (HEIL) — Acronym,
- Home Equity Line of Credit (HELOC) — Acronym, Very Important,
- An open-ended loan, paid as revolving debt, that is backed by the equity in the property.
➥ Also known as a Home Line of Credit. - Home Equity Loan (HEL) — Acronym, Very Important,
- A loan that can replace or be an addition to the first mortgage. Typically used as a home improvement loan.
➥ Also known as an Equity Take Out (ETO). - Home Improvement Loan (HIL) — Acronym, Important,
- Home Loan Account (HLA) — Acronym,
2.
Combined Loan-to-Value -
Convertible Unsecured Loan ...
Convertible Unsecured Loan ...
