Definitions

Amortization Period
Appraisal
Closed Mortgage
Conventional Mortgage
Down Payment
Equity
Fixed Rate Mortgage
GDS (Gross Debt Service Ratio)
HELOC (Home Equity Line of Credit)
Home Inspection
Insured Mortgage
IRD (Interest Rate Differential)
Loan to Value (LTV)
Mortgage Default Insurance
Mortgage Life Insurance
Mortgage Term
Open Mortgage
Overnight Lending Rate
Porting a Mortgage
Prime Rate
RPR (Real Property Report)
Secured vs Unsecured Loan
TDS (Total Debt Service Ratio)
Title Insurance
Variable Rate Mortgage

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