Terms with Tag Mortgage

  • Co-signer Definition,
    • A person who signs a promissory note that is also signed by one or more other parties. All parties take responsibility for the debt if any of the others renege.
  • Coast Capital Savings Credit Union (CCS) Company Est. 1940, British Columbia, Canada,
      A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages, and reverse mortgages.
    • Coastal Community Credit Union (CCCU) Company, British Columbia, Canada,
        A Canadian NHA approved mortgage lender. Offers reverse mortgages.
      • Coastal Financial Credit UnionCompany, Nova Scotia, Canada,
          A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
        • Collateral Definition,
          • Any property pledged as security for repayment of a debt.
        • Collection Definition,
          • The efforts used to bring an overdue mortgage, or other debt current, and the filing of necessary notices to proceed with foreclosure when necessary.
        • Collusion Definition,
          • A secret, deceitful agreement by two or more parties to defraud others.
        • Colonsay Credit UnionCompany, Saskatchewan, Canada,
            A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
          • Columbia Valley Credit Union (CVCU) Company Est. 1955, Golden, British Columbia, Canada,
              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.
            • Commercial (comm)Abbreviation,
              • Commercial Loan Definition,
                • A loan taken out by a business.
              • Commercial Mortgage Definition, Very Important,
                • A mortgage for commercial property.
              • Commercial Mortgage Pass Through Certificates (CMPTC)Acronym,
                • Commercial Mortgage-Backed Securities (CMBS)Acronym, Important,
                  • Commercial Mortgage-Backed Securities Index (CMBX)Acronym,
                    • Commercial Real Estate Loan (CREL)Acronym,
                      • Commercial Real Estate Mortgage (CREM)Acronym,
                        • Commission (comm) Abbreviation,
                          • A fee paid to a salesperson for selling a product to a customer.
                          • An agent's fee for negotiating a real estate or mortgage loan transaction, often expressed as a percentage of the selling price.
                        • Commitment Definition,
                          • A written agreement from a lender promising to lend money on certain terms for a specified time period.
                        • Commitment Fee Definition,
                          • A fee paid by a borrower to a lender who promises to lend money on certain terms for a specified time period.
                        • Community Credit Union (Manitoba)Company, Manitoba, Canada,
                            A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                          • Community Credit Union (Nova Scotia)Company, Nova Scotia, Canada,
                              A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                            • Community First Credit Union (CFCU) Company Est. 1948, Sault Ste. Marie, Ontario, Canada,
                                A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                              • Community Saving & Credit UnionCompany, Ontario, Canada,
                                  A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                                • Community Savings Credit UnionCompany, British Columbia, Canada,
                                    A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                                  • Comparables Definition,
                                    • Refers to "comparable properties," which are used for comparative purposes in the appraisal process.
                                  • Compensation Employees Credit UnionCompany, British Columbia, Canada,
                                      A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                                    • Compound Interest Definition,
                                      • Interest that is calculated by adding the interest earned in the current period to the principal and figuring the next period's interest on this "compounded" total amount.
                                    • Compounding Method Definition,
                                      • Used in Bank rate tables. These include: S--Simple interest. A--Compounded annually. H--Compounded semi-annually. Q--Compounded quarterly. M--Compounded monthly. D--Compounded daily.
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