Mortgage FAQ!
What is a mortgage broker? A mortgage broker is an independent professional that will work with multiple lenders to find you a mortgage that will suit your needs. They will find a lender with the best rates and terms for your situation. There is usually no fee to work with a mortgage broker if you …
Mortgage Glossary
A Amortization The period of time, most often 15, 20 or 25 years, required to reduce a debt to zero when payments are made regularly. Appraisal A process for estimating the market value of a particular property. Approved Lender A lending institution authorized by the Government of Canada through CMHC to make loans under the …
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