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HomeToolsReal Estate Glossary

Real Estate Glossary

Amortization
Anniversary
Appraisal
Appraised Value
Approved Lender
Assumption

Balanced Market
Blended Payment
Building Permit
Buyer's Market

Closed Mortgage
Closing Costs
Closing Date
CMHC
Collateral Mortgage
Commitment Letter / Mortgage Approval
Conditional Offer / Conditions of Sale
Conventional Mortgage
Covenant
Conveyancing

Deed
Default
Deposit
Discharge of Mortgage
Down Payment

Easement
Encumbrance
Equity

FHLI
Foreclosure

Gross Debt Service Ratio

High-Ratio Mortgage / Insured Mortgage Loan
Holdback

Interest
Interest Adjustment Date (IAD)
Interest Rate

Lending Value
Loan-to-Value Ratio
Lien (Mechanics)

Maturity Date
Mortgage
Mortgage Life Insurance
Mortgage Loan Insurance
Mortgage Payment
Mortgagee
Mortgagor

Net Worth
NHA Premium

Offer to Purchase
Open Mortgage
Option Agreement

P.I.T.
P.I.T.H.
Portability
Pre-Approved Mortgage
Prepayment Privileges
Principal
Property Purchase or Land Transfer Tax

REALTOR®
Refinance
Regular Mortgage
Renewal

Second Mortgage
Seller's Market
Strata or Condominium Fee
Statement of Adjustment
Survey

Term
Title (Freehold or Leasehold)
Total Debt Service Ratio (TDS)

Variable-Rate Mortgage
Vendor Take-Back Mortgage

          Erik was a great listener, and always very thorough with my requests. He also gave me some really sound advice which ended up saving me money in the long run. - Shannon Nolting
Macdonald Realty, 100-2429 152 Street, Surrey, BC V4P 1N4 Copyright © 2017 Erik Hopkins. Reproduction Strictly Prohibited.