Terms with Tag Mortgage
- Escrow Agent — Definition,
- A neutral third party who holds the documents and money in a real-estate transfer until all conditions are met.
- Espanola & District Credit Union — Company, Ontario, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Estonian (Toronto) Credit Union — Company, Ontario, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- ETCU Financial Credit Union — Company, Ontario, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Exchange — Definition,
- A trade of property for other property or services. Like-kind property exchanges are a popular tax-deferral strategy.
- Falling Interest Rate Adjustable Rate Mortgage (FIREARM) — Acronym,
- Federal Employees Credit Union (Kingston) Credit Union — Company, Ontario, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Finance Canada — Company, Canada-wide,
- Federal department responsible for Canada's economic performance and regulation of financial institutions.
- Finance Charge — Definition,
- Charges that include all of the interest expected to be earned over the life of a loan, in addition to the service charges, mortgage insurance premiums, and other loan-related charges.
- Financial Services Commission of Ontario (FSCO) — Company Est. 1998, Ontario, Canada, Very Important,
- A regulatory agency of the Ministry of Finance that protects public interests and regulates insurance, pension plans, loan and trust companies, credit unions, caisses populaires, mortgage brokering, and co-operative corporations in Ontario.
➥ Oversees the mortgage, insurance and pension industries in Ontario. - Finder Fee — Definition,
- A fee paid by a party to another for services rendered.
- Finnish Credit Union — Company, Ontario, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Firm Commitment — Definition,
- A lender's promise to lend money to a specific borrower on specified terms at a certain time.
- First Calgary Savings Credit Union — Company, Alberta, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- First Credit Union (FCU) — Company Est. 1939, British Columbia, Canada, ➥ Originated as Powell River Credit Union (PRCU). A Canadian NHA approved mortgage lender that offers all lending types and reverse mortgages.
- First Lien — Definition,
- Primary claim by the lender for satisfaction of outstanding debt. A first mortgage creates a first lien.
- First Mortgage — Definition, Important,
- A mortgage that is the primary lien against a property.
- First National Financial Corporation (FNFC) — Company, Toronto, Ontario, Canada,
- First National Financial LP is Canada’s largest non-bank lender, offering both commercial and residential mortgage.
➥ Now called First National Financial LP. - First West Credit Union — Company, British Columbia, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Firstline Mortgages (FLM) — Company, Toronto, Ontario, Canada, Very Important,
- As of July 31, 2012, Firstline Mortgages announced that it will no longer be accepting new mortgage clients.
➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages. - Firstline Trust (FLT) — Company, Toronto, Ontario, Canada,
- Started in mortgage-backed securities then was bought by CIBC in 1995 and transformed into FirstLine mortgage (FLM).
➥ See Firstline mortgage (FLM). - FirstOntario Credit Union (FCU) — Company Est. 1939, Ontario, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Fixed Instalment — Definition,
- Periodic (usually monthly) payment on a loan whose sum does not vary.
- Fixed Rate Mortgage (FRM) — Acronym, Very Important,
- A loan in which the interest rate and payments remain the same for the entire life of the loan. The interest rate and payment amounts are set at the time of loan origination.
- Flat Fee — Definition,
- A fixed charge that a broker requests instead of a commission.
- Flexible-Payment Mortgage (FPM) — Acronym,
- Flood Zone Determination (FZD) — Acronym,
- Foam Lake Savings & Credit Union — Company, Saskatchewan, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Food Family Credit Union — Company, Ontario, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Forbearance — Definition,
- Delaying foreclosure, usually because the borrower has arranged to pay the amount in arrears.
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