Terms Starting with M
- More or Less (m/l) — Abbreviation, ➥ Approximately.
- Morgan Stanley (MS) — Acronym,
- Global financial services firm that deals in securities, asset management and credit services.
- Morgan Stanley Bank International Limited (MSBIL) — Company,
- Morse 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.
- Mortality and Expense Risk Charge — Definition,
- A charge sometimes applied to reimburse an insurer for the risks in a policy.
- Mortality Rate — Definition,
- A measurement of how many people in a particular population set and in a particular period of time die.
- Mortality Rate Doubling Time (MRDT) — Acronym,
- Variable derived from the Gompertz equation that determines the time required for a mortality rate to double.
- Mortality Rate Within 120 Days (MR120) — Acronym,
- Mortgage (mtg) — Abbreviation, Important,
- A mortgage is a contract stipulating a specific real property, typically a residence or building, as collateral for a loan. The mortgage incurs a rate of interest that varies according to term and other features.
- Mortgage Acceleration Clause — Definition, Important,
- A provision of a loan agreement that lets a lender demand payment of the full balance under specified circumstances, such as sale of the property, default or refinancing. Not commonly used in Canada and/or Canadian lenders.
- Mortgage Application — Definition, Very Important,
- A document in which a prospective borrower details his or her financial situation to qualify for a loan.
- Mortgage Associates Program (MAP) — Acronym, Alberta, Canada, Very Important,
- In Alberta, individuals who wish to become licensed mortgage brokerage industry members must complete the Mortgage Associates Program (MAP) offered through the Real Estate Council of Alberta (RECA).
➥ Mortgage associate licensing. - Mortgage Assumption — Definition, Important,
- Taking over the payment and responsibility for an existing property loan.
- Mortgage Banker — Definition, Important,
- An employee of a large bank who finds financing for the general public.
- Mortgage Broker (MB) — Acronym, Important,
- One who finds clients perspective lenders at generally no cost. Mortgage Brokers have a special relationship with lenders and can offer their clients the best rates and service. CanEquity goes through great lengths to ensure you are serviced by the best Mortgage Brokers in Canada.
- Mortgage Broker License Act (MBLA) — Acronym, United States, ➥ A US mortgage term.
- Mortgage Broker Loan Officer (MBLO) — Acronym,
- Mortgage Broker/Lender (MBL) — Acronym, Important,
- Mortgage Brokerage — Definition, Very Important,
- An individual or group who brokers deals between their clients and lenders.
➥ CanEquity is a mortgage brokerage. - Mortgage Brokers Association of British Columbia (MBABC) — Company Est. 1990, British Columbia, Canada, Very Important,
- Mortgage Calculator — Definition, Very Important,
- A program that calculates the costs involved in a mortgage or determines what kind of mortgage a person can qualify for.
➥ CanEquity's mortgage calculator has been rated number one by the Globe and Mail. - Mortgage Disability Insurance — Definition, Important,
- Insurance that covers mortgage payments if a policyholder becomes disabled.
- Mortgage Discharge Management System (MDMS) — Acronym, Important,
- Mortgage Fulfillment Specialist (MFS) — Acronym, Very Important,
- Personnel used by mortgage lenders to process client (mortgage broker) applications.
➥ More commonly referred to as Mortgage Underwriters. - Mortgage Indemnity Guarantee Premium (MIGP) — Acronym,
- Mortgage Indemnity Insurance (MII) — Acronym,
- Mortgage Insurance — Definition, Very Important,
- Insurance that protects a lender if a homeowner fails to pay off his or her mortgage.
- A policy covering a mortgagor from which the benefits are intended (a) to pay off the balance due on a mortgage upon the death of the insured, or (b) to meet the payments on a mortgage as they fall due in the case of his death or disability.
➥ CanEquity offers mortgage insurance. - Mortgage Insurance Partner (MIP) — Acronym,
- Mortgage Interest Deduction (MID) — Acronym, United States,
- Canada Revenue Agency does not allow you to deduction income from the interest on your residential home mortgage unless you are using the equity in your home to purchase an investment.
➥ A US mortgage term. - Mortgage Interest Rate (MIR) — Acronym,
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More or Less -
Mortgage Broker
Mortgage Broker
