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MortgageProvider.ca brings you a comprehensive list of Canadian mortgage providers in multiple categories, such as Variable Rate Mortgages, Fixed Rate Mortgages, Self-Employed Mortgages, Rewards Mortgages, No Down Payment Mortgages, Open Mortgages, Closed Mortgages and more from various Canadian mortgage brokers.
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Varaible Interest Rate Mortgages.
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Canada Mortgages Information |
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Tue Feb 24, 2009
A glossary with definitions of frequently used Mortgage terms and phrases. Will help you understand the various jargon used in the Mortgage industry.
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Tue Feb 24, 2009
Mortgage insurance is a contract that insures the lender against loss caused by a borrower's default on a government mortgage or conventional mortgage. That is, if you don't pay your mortgage, the insurance company "protects" the lender by paying a portion of the mortgage (however, this puts you in default and you'll have a VERY hard time getting credit again).
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Tue Feb 24, 2009
Mortgage brokers are individuals or companies that work to bring borrowers and lenders together for the purpose of originating a mortgage loan. The broker does not originate or service the mortgages but acts as an agent, often to negotiate with the lender in order to obtain the best possible financing deal for the mortgage borrower.
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