Maturity Date
The expiry date of the mortgage term. The balance of the loan and interest on the loan must be repaid in full or renewed for […]
Read moreThe expiry date of the mortgage term. The balance of the loan and interest on the loan must be repaid in full or renewed for […]
Read moreA Preliminary Mortgage Approval by the lender confirming the approval of a mortgage and where all terms and conditions of the approval have been provided […]
Read moreA creditor insurance plan that is underwritten by Manulife. It offers life and disability insurance to the borrowers on a residential mortgage.
Read moreA mortgage that is insured by CMHC against borrower default under the National Housing Act.
Read moreA property where the owner does not occupy any of the dwelling units in the property.
Read moreA mortgage that can be prepaid in part or in full at any time, without notice or prepayment charge. It can be converted to a […]
Read moreA property where the owner occupies one of the dwelling units in the property.
Read moreThis is a feature of residential mortgages that allows customers to transfer the interest rate, loan balance and remaining term of an existing mortgage to […]
Read moreAn interest charge applied when prepaying all or part of the mortgage balance before maturity on a closed term, or when prepayment options have been […]
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