GLOSSARY OF TERMS

A Down payment N
Acceleration clause E Negative amortization
Agreement for sale Easement Net Worth
Amenities Encroachment O
Amortization Equity Owner financing
Amortization schedule F Open Mortgage
Appreciation Fair Market Value P
Assessed value First Time Home Buyers Prepayment Clause
Appraisal First mortgage Prepayment penalty
Assets Fixed-rate mortgage Principal
Assumable mortgage Foreclosure Purchase Property Tax
B G R
Buy Down Gross Debt Service Ratio Radon
C H Real Property - Real Estate Property
CMHC Homeowner's insurance Real estate agent
CMHC Mortgage Homeowner's warranty Refinancing
Clear title High Ratio Mortgage S
Closed Mortgage I Second Mortgage
Common Tenancy Inter Alia Mortgage Secondary mortgage market
Completion Interest Strata Fees
Conventional Mortgage Interest Rate Differential Survey
Convertible Mortgage J T
Co-Covenantor Joint Tenancy TDS or TDSR
Common Areas L Term
Compounded Liabilities Title
Condominium Lien Title company
Conveyance Lifetime cap Title search
Covenant Loan Servicing Transfer tax
Covenantor M Total Debt Service Ratio
D Margin V
Deed MICC Vendor
Delinquency Mortgage Broker  
Deposit Mortgagee  
Depreciation Mortgagor  

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