Terms with Tag Mortgage

  • Mortgage Brokerage Definition, Very Important,
    • An individual or group who brokers deals between their clients and lenders.
    CanEquity is a mortgage brokerage.
  • Mortgage Brokers Association of British Columbia (MBABC) Company Est. 1990, British Columbia, Canada, Very Important,
    • Mortgage Calculator Definition, Very Important,
      • A program that calculates the costs involved in a mortgage or determines what kind of mortgage a person can qualify for.
      CanEquity's mortgage calculator has been rated number one by the Globe and Mail.
    • Mortgage Disability Insurance Definition, Important,
      • Insurance that covers mortgage payments if a policyholder becomes disabled.
    • Mortgage Discharge Management System (MDMS)Acronym, Important,
      • Mortgage Indemnity Guarantee Premium (MIGP)Acronym,
        • Mortgage Indemnity Insurance (MII)Acronym,
          • Mortgage Insurance Definition, Very Important,
            • Insurance that protects a lender if a homeowner fails to pay off his or her mortgage.
            • A policy covering a mortgagor from which the benefits are intended (a) to pay off the balance due on a mortgage upon the death of the insured, or (b) to meet the payments on a mortgage as they fall due in the case of his death or disability.
            CanEquity offers mortgage insurance.
          • Mortgage Interest Deduction (MID)Acronym, United States,
            • Canada Revenue Agency does not allow you to deduction income from the interest on your residential home mortgage unless you are using the equity in your home to purchase an investment.
            A US mortgage term.
          • Mortgage Interest Rate (MIR)Acronym,
            • Mortgage Interest Rate Differential (MIRD)Acronym,
              • Mortgage Investment Association of British Columbia (MIABC)Company, British Columbia, Canada,
                • Mortgage Investment Corporrtion (MIC)Acronym, Important,
                  • Mortgage Lender (ML) Acronym, Very Important,
                    • A lender that offers mortgages, often through a mortgage broker.
                    Used internally by mortgage brokers and mortgage lenders.
                  • Mortgage Lender and Broker Act (MLBA)Acronym, United States,
                      A US mortgage term.
                    • Mortgage Lender/Broker License (MLB)Acronym, United States,
                        A US mortgage term.
                      • Mortgage Lending Value (MLV)Acronym,
                        • Mortgage Lien Definition, Important,
                          • A legal claim against a mortgaged property which must be paid when the property is sold.
                        • Mortgage Life Insurance Definition, Very Important,
                          • Insurance that covers the costs of paying off a mortgage if the insured dies or becomes disabled.
                        • Mortgage Loan Broker (MLB)Acronym,
                          • Mortgage Loan Origination Agreement (MLOA)Acronym,
                            • Mortgage Loan Service (MLS)Acronym,
                              • Mortgage Loan Servicing Software (MORSERV)Acronym,
                                • Mortgage Payment Definition, Important,
                                  • A periodic payment used to pay off a mortgage's principal and interest.
                                • Mortgage Payment Acceleration Program (MPAP)Acronym,
                                  • Mortgage Payment Protection Insurance (MPPI)Acronym,
                                    • Mortgage Protection Plan (MPP) Acronym, Very Important,
                                      • Mortgage Rate Definition, Very Important,
                                        • The interest rate on a mortgage loan.
                                        You can compare mortgage rates using this website by clicking 'Rates' above.
                                      • Mortgage Renewal Definition, Very Important,
                                        • A renewal as it pertains to the mortgage industry is defined as having an existing mortgage term end and signing a new term to continue.
                                      • Mortgage-Backed Bond (MBB)Acronym,
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