This term refers to the mortgage advance, in other words the money that is being lent to the borrower:

The typical activities of a mortgage agent include all of the following, EXCEPT:

Atif has taken out an another mortgage on his principal residence, while still keeping the mortgage he obtained when he purchased the house. This mortgage will be called a:

This term refers to any charge on any property for securing money or money’s worth:

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:

As of 2016 the government has imposed a requirement to ensure that a borrower could afford their mortgage payments if their interest rate increases. This is called the:

A characteristic of this type of mortgage is that it is registered at a higher ltv than the property is worth.

This term refers to an amount of credit made available to a borrower but not advanced on closing:

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:

This is a legal document in which a person gives someone else the authority or right to make decisions about their finances: