Terms with Tag Reverse Mortgage

  • Newfoundland and Labrador Seniors' Benefit (NLSB)Acronym, Newfoundland and Labrador, Canada,
      Refundable tax credit for low income seniors.
    • North Shore Credit Union (NSCU) Company Est. 1941, North Vancouver, British Columbia, Canada,
        A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
      • Old Age Security (OAS) Acronym, Important,
        • A Canadian pension plan for eligible Canadians over the age of 65.
      • Ontario Senior Homeowners' Property Tax Grant (OSHPTG)Acronym, Ottawa, Ontario, Canada,
        • Passive Income Definition,
          • Income coming in on a regular basis, with little or no maintenance.
        • Prospera Credit UnionCompany, British Columbia, Canada,
            A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
          • Registered Retirement Consultant (RRC)Acronym,
            • Retirement Income Fund (RIF)Acronym, Canada,
                See Registered Retirement Income Fund (RRIF).
              • Reverse Annuity Mortgage (RAM)Acronym, Important,
                • Reverse Mortgage Definition, Important,
                  • A loan that allows an older homeowner to convert built-up equity into cash. The loan comes due when the owner dies, sells the house or moves out.
                • Reverse Mortgage Loan (RML) Acronym, Very Important,
                  • A loan that allows an older homeowner to convert built-up equity into cash. The loan comes due when the owner dies, sells the house or moves out.
                • Reverse Mortgage Market Index (RMMI)Acronym,
                  • Rocky Credit Union (RCU) Company, Alberta, Canada,
                      A Canadian NHA approved mortgage lender that offers all lending types. Also offers reverse mortgages.
                    • Royal Bank of Canada (RBC, RY) Company, Canada-wide,
                        A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages, and reverse mortgages.
                      • Senior Citizens Home Repair Program (SCHRP)Acronym, Nunavut, Canada,
                        • Servus Credit Union (SCU) Company Est. 1938, Alberta, Canada,
                            Alberta's largest credit union and a Canadian NHA approved mortgage lender. Offers reverse mortgages.
                          • Sunshine Coast Credit UnionCompany, British Columbia, Canada,
                              A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                            • Supplemental Retirement Annuity (SRA)Acronym,
                              • Toronto Dominion (TD) Company, Canada, Important,
                                • Total Annual Loan Cost (TALC) Acronym,
                                  • A method of finding the annual cost of a reverse loan.
                                • Westminster Savings Credit Union (WSCU) Company, 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.
                                  • Weyburn Credit Union (WCU) Company Est. 1944, Saskatchewan, Canada,
                                      A Canadian NHA approved mortgage lender offering all lending types, including both residential single family and multi-unit mortgages. Also offers reverse mortgages.
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