Terms with Tag Mortgage Lender

  • Murray & Company Holdings Company, Ontario and British Columbia, Canada,
      A Canadian NHA approved mortgage lender that offers mortgages for 5 or more multi-family units.
    • Bank of Montreal (BMO) Company Est. 1817, Canada-wide, Very Important,
        Canada's very first bank. A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages, and reverse mortgages.
      • Peace Hills Trust Company (PHT) Company Est. 1980, Canada-wide,
          A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
        • Union du Canada Assurance VieCompany, Ontario and Quebec, Canada,
            A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
          • Bank of Nova Scotia (BNS) Company Est. 1832, Canada-wide, Very Important,
            • Multinational financial services provider with over 7-million customers across Canada.
            A Canadian NHA approved mortgage lender that offers all lending types. Also offers home incomes plan reverse mortgages.
          • Industrial Alliance (IA) Company Est. 1987, Canada-wide, Important,
              A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
            • Mortgage Interest Rate Differential (MIRD)Acronym,
              • Canadian Western Bank (CWB) Company, Edmonton, Alberta, Canada, Important,
                  A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                • RBC Life Insurance CompanyCompany, Canada-wide,
                    A Canadian NHA approved mortgage lender that offers mortgages for 5 or more multi-family units.
                  • Quick Closing (QC)Acronym,
                    • Great West Life (GWL) Company Est. 1891, Canada-wide, Important,
                        A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                      • Progress Claim Report (PCR)Acronym,
                        • Marketing Spending Account (MSA)Acronym, Important,
                            Broker compensation / loyalty program offered by MCAP.
                          • Automated Pre-approval Process (APP)Acronym, Important,
                            • Lender Approved Appraiser (LAA)Acronym,
                              • Non-Owner Occupied (NOO)Acronym,
                                • IG Investment Management (IGIM)Company, Canada-wide,
                                    A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                                  • Standard Street Rate (SSR)Acronym,
                                      Mortgage term introduced by Street Capital.
                                    • Fiducie Desjardins Company, Canada-wide,
                                        A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                                      • ING Bank of CanadaCompany, Canada-wide,
                                          A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                                        • 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.
                                        • Total Loan Amount (TLA)Acronym,
                                          • Wawanesa Life Insurance Company (WLIC) Company Est. 1896, Canada-wide, Important,
                                              A Canadian NHA approved mortgage lender that offers mortgages for 1-4 multi-family units.
                                            • First National Financial (FNF) Company Est. 2006, Toronto, Ontario, Canada,
                                                A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                                              • Multiple Retirement Services (MRS) Acronym, Canada,
                                                  M.R.S. Trust and MRS Companies have been acquired by Laurentian Bank of Canada.
                                                • ICICI Bank CanadaCompany, Canada-wide,
                                                    A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                                                  • Manufacturers Life Insurance (MLI) Company Est. 1887, Canada-wide, Important,
                                                      A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                                                    • Canada Mortgage and Housing Corporation (CMHC) Company Est. 1946, Canada-wide, Very Important,
                                                      • The Canada Mortgage and Housing Corporation: this is a Federally run institution that provides banks and lenders with mortgage insurance. Not to be confused with life or property insurance. In the event of default or foreclosure CMHC assumes responsibility of the property and reimburses the bank/lender the entire mortgage amount. This insurance is required generally when you have less than 25% equity or down payment. This insurance is paid by the property owner in advance but usually added to the mortgage amount. See also "G.E. Capital."
                                                      Insures Canadian mortgage lenders.
                                                    • London Life Insurance Company (LLIC)Company, Canada-wide,
                                                        A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                                                      • Equity Take-Out (ETO)Acronym, Very Important,
                                                        • To pull money out of a property, often through a refinance or home equity line of credit.
                                                        CanEquity Mortgage offers this service.
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