Terms with Tag Mortgage
- Co-signer — Definition,
- A person who signs a promissory note that is also signed by one or more other parties. All parties take responsibility for the debt if any of the others renege.
- Coast Capital Savings Credit Union (CCS) — Company Est. 1940, British Columbia, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages, and reverse mortgages.
- Coastal Community Credit Union (CCCU) — Company, British Columbia, Canada, ➥ A Canadian NHA approved mortgage lender. Offers reverse mortgages.
- Coastal Financial Credit Union — Company, Nova Scotia, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Collateral — Definition,
- Any property pledged as security for repayment of a debt.
- Collection — Definition,
- The efforts used to bring an overdue mortgage, or other debt current, and the filing of necessary notices to proceed with foreclosure when necessary.
- Collusion — Definition,
- A secret, deceitful agreement by two or more parties to defraud others.
- Colonsay 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.
- Columbia Valley Credit Union (CVCU) — Company Est. 1955, Golden, British Columbia, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Combined Loan-to-Value (CLTV) — Acronym, Very Important,
- The connection between the unpaid principal balances of all the mortgages on a property (first and second usually) and the property's appraised value (or sales price, if it is lower).
➥ A term used by mortgage lenders and mortgage underwriters. - Commercial (comm) — Abbreviation,
- Commercial Loan — Definition,
- A loan taken out by a business.
- Commercial Mortgage — Definition, Very Important,
- A mortgage for commercial property.
- Commercial Mortgage Pass Through Certificates (CMPTC) — Acronym,
- Commercial Mortgage-Backed Securities (CMBS) — Acronym, Important,
- Commercial Mortgage-Backed Securities Index (CMBX) — Acronym,
- Commercial Real Estate Loan (CREL) — Acronym,
- Commercial Real Estate Mortgage (CREM) — Acronym,
- Commission (comm) — Abbreviation,
- A fee paid to a salesperson for selling a product to a customer.
- An agent's fee for negotiating a real estate or mortgage loan transaction, often expressed as a percentage of the selling price.
- Commitment — Definition,
- A written agreement from a lender promising to lend money on certain terms for a specified time period.
- Commitment Fee — Definition,
- A fee paid by a borrower to a lender who promises to lend money on certain terms for a specified time period.
- Community Credit Union (Manitoba) — Company, Manitoba, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Community Credit Union (Nova Scotia) — Company, Nova Scotia, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Community First Credit Union (CFCU) — Company Est. 1948, Sault Ste. Marie, Ontario, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Community Saving & 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.
- Community Savings 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.
- Comparables — Definition,
- Refers to "comparable properties," which are used for comparative purposes in the appraisal process.
- Compensation Employees 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.
- Compound Interest — Definition,
- Interest that is calculated by adding the interest earned in the current period to the principal and figuring the next period's interest on this "compounded" total amount.
- Compounding Method — Definition,
- Used in Bank rate tables. These include: S--Simple interest. A--Compounded annually. H--Compounded semi-annually. Q--Compounded quarterly. M--Compounded monthly. D--Compounded daily.
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