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Glossary

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  • Acceleration
    Adjustments on Closing
    Amortization
    Agreement of Purchase and Sale
    Appraisal
    Assessment
    Assumable
    Blended Payments
    Mortgage Blend and Extend
    Closed Mortgage
    Closing
    Closing Costs
    Conventional Mortgage
    Credit Report
    Default
    Double-Up


    Down Payment
    Equity
    ArrowFirst Mortgage
    ArrowGross Debt Service ratio (GDS)
    ArrowHigh-Ratio Mortgage
    ArrowHome Inspection Report
    ArrowInterest Rate Differential
    ArrowLand Transfer Tax (LTT)
    ArrowLoan-to-Value ratio LTV)
    ArrowMortgage
    ArrowMortgage Broker
    ArrowMortgage Insurance
    ArrowMultiple Listing Service (MLS)
    ArrowMunicipal Levies
    ArrowOpen Mortgage
    ArrowPITH

    ArrowPortable Mortgage
    ArrowPrepayment Penalty
    ArrowPrepayment Privilege(s)
    ArrowPrinciple
    ArrowRegistration Fees
    ArrowRenewal
    ArrowSimple Interest
    ArrowSurvey
    ArrowSwitch
    ArrowTax Certificate
    ArrowTitle Insurance
    ArrowTotal Debt Service ratio (TDS)
    ArrowUndertaking
    ArrowUnderwriting
    ArrowVariable Rate Mortgage (VRM)
    ArrowVerification of Employment


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