One of the mortgage associations in Ontario is:
If a purchaser receives a 10% incentive of the home’s purchase price of $200,000, or $20,000 and their home value decreases to $150,000:
Which type of lender was dominant before banks became the dominant lenders in Canada?
This term refers to an amount of credit made available to a borrower but not advanced on closing:
Which of the following is NOT an obligation of a borrower who pledges his or her real property as security for a loan by placing a mortgage on that property?
If you have two mortgages registered against your property and you decide to get another mortgage to pay off those first two, what would the rank be of this new mortgage?
This mortgage option allows the borrower to repay the mortgage in whole with a penalty of either 3 months’ worth of interest or the interest rate differential:
What is a promissory note with a lien on the property for the total amount registered known as?
A characteristic of this type of mortgage is that it is registered at a higher ltv than the property is worth.
Regarding compounding frequencies for interest rates, what does ‘J12’ signify?
