Terms with Tag Mortgage
- Blanket Mortgage — Definition,
- A mortgage that covers more than one property owned by the same buyer.
- Blended Rate Mortgage — Definition, Important,
- If a homeowner renews his or her mortgage early, the old and the new mortgage rates are blended together to split the difference between the interest rates.
- Bona Fide Purchaser (BFP) — Acronym,
- Borrower — Definition,
- A person who borrows money or obtains a loan.
- Bow Valley Credit Union (BVCU) — Company, Alberta, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Bridge Financing — Definition,
- A short-term, high interest loan that allows a seller to purchase a new property before selling an existing property.
- Bridge Loan — Definition,
- A loan that "bridges" the gap between the purchase of a new home and the sale of the borrower's current home. The borrower's current home is used as collateral and the money is used to close on the new home before the current home is sold. Some are structured so they completely pay off the old home's first mortgage at the bridge loan's closing, while others pile the new debt on top of the old. They usually run for a term of six months.
- Bridge Mortgage — Definition, Important,
- A short-term loan used to allow a homebuyer to purchase a replacement property while still trying to sell their existing home.
- Broadview Credit Union — Company, Saskatchewan, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Broker (Bkr) — Abbreviation,
- A person or firm who acts on behalf of another.
- Bruno Savings & Credit Union — Company, Saskatchewan, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Buduchnist Credit Union (BCU) — Company, Toronto, Ontario, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Building and Loan Association — Definition,
- A financial institution designed to help members finance real-estate transactions.
- Bulkley Valley Credit Union — Company, British Columbia, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Buy-down — Definition,
- When a borrower or a mortgage broker "buys down" a mortgage rate, they make an upfront payment to the lender in order to lower the mortgage rate. A similar effect can be achieved by making a lump sum payment at the beginning of a mortgage term.
- Buy-down Mortgage — Definition, Important,
- A home loan in which the lender charges below-market interest in exchange for discount points.
- Caisse d'économie Cantons — Company, Quebec, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Caisse d'économie Centre du Québec — Company, Quebec, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Caisse d'economie de l'Enseignement de l'Est du Québec — Company, Quebec, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Caisse d'économie des travailleurs unis (Montréal-Outaouais) — Company, Quebec, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Caisse d'économie Desj Chaînon-Honoré-Mercier — Company, Quebec, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Caisse d'économie Desjardins de la Métallurgie et des Produits forestiers — Company, Quebec, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Caisse d'économie Desjardins des employés d'Alcoa-Manic-McCormick — Company, Quebec, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Caisse d'économie Desjardins du personnel municipal (Québec) — Company, Quebec, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Caisse d'économie Desjardins Du Rail — Company, Quebec, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Caisse d'économie Desjardins Laurentide — Company, Quebec, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Caisse d'économie Desjardins Vallée de L'Amiante — Company, Quebec, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Caisse d'économie Deux-Montagnes — Company, Quebec, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Caisse d'économie Employés C.I.P. La Tuque — Company, Quebec, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Caisse d'économie Employés Domglas — Company, Quebec, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
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