Terms with Tag Mortgage

  • Cash Back (CB)Acronym,
    • Cash Back Mortgage Definition, Important,
      • A mortgage that provides the borrower a lump sum cash payment.
    • Cash Flow Definition,
      • The money an investment produces after subtracting cash expenses from income.
    • Cash Flow Forecast Definition,
      • An estimate of when and how much money will be received and paid out of a business. It usually records cash flow on a month-by-month basis for a period of two years.
    • Cash Out (CO)Acronym,
        More commonly referred to as "home equity loan" or "refinance."
      • Cash Out Mortgage (COM) Acronym, Very Important,
        • The taking out of a new mortgage on the same property in which the amount borrowed is greater than the amount of the previous mortgage. The difference is taken out in cash.
        More commonly referred to as "home equity loan" or "refinance."
      • Cash Out Refinance Definition,
        • The taking out of a new mortgage on the same property in which the amount borrowed is greater than the amount of the previous mortgage. The difference is taken out in cash.
      • CCEC 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.
        • Central 1 Credit Union (C1CU) Company Est. 1944, British Columbia, Canada, Important,
            A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
          • Central Bank Definition,
            • An institution that manages a nation's monetary policy.
          • Certified Mortgage Appraisal Reviewer (CMAR)Acronym, Canada,
            • Certified Mortgage Consultant (CMC)Acronym, United States,
                A US mortgage term.
              • Certified Residential Mortgage Specialist (CRMS)Acronym, United States,
                  A US mortgage term.
                • Change Frequency Definition,
                  • The scheduled period in which an adjustable-rate mortgage adjusts.
                • Chattel Definition,
                  • Personal property that can be moved.
                • Chattel Mortgage Definition, Important,
                  • A loan backed by movable personal property. Generally mobile or trailer homes.
                • Chinook Credit Union Company, Alberta, Canada,
                    A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                  • Churchbridge Savings & Credit UnionCompany, Saskatchewan, Canada,
                      A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                    • CIBC Mortgages and Lending (CML)Acronym, Toronto, Ontario, Canada,
                      • CIBC Mortgages Inc. (CMI)Company, Canada-wide, Very Important,
                          A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                        • City Plus Credit Union (CPCU) Company Est. 2005, Calgary, Alberta, Canada,
                            A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                          • City Savings & Credit UnionCompany, Ontario, Canada,
                              A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                            • Closed End Second (CES)Acronym,
                              • Closed Mortgage Definition, Important,
                                • Closed mortgages involve a strict repayment schedule of a specific amount with optional limited lump sum payments and payment increases.
                              • Closing Definition,
                                • In real estate, the delivery of a deed, the payment of the purchase price, the signing of notes, and the paying of closing costs, which completes a real estate transaction.
                              • Closing Costs Definition,
                                • The miscellaneous expenses involved in closing a real estate transaction that are over and above the purchase price. Some of the closing costs include title insurance, appraisal fee.
                              • Closing Date (cloda) Abbreviation,
                                • The date a buyer takes possession of a property title.
                              • Closing Date Notice (CDN)Acronym,
                                • Co-maker Definition,
                                  • Any party that co-signs a promissory note. All co-makers assume responsibility for the loan if any of the other co-signers renege.
                                • Co-mortgagor Definition,
                                  • A party or individual who co-signs for a mortgage loan.
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