Terms Starting with P
- Portage Credit Union (PCU) — Company, Manitoba, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Portage La Prairie Airport (YPG) — Acronym, Portage La Prairie, Manitoba, Canada,
- Portfolio — Definition,
- A collection of investments.
- Portfolio Currency Protection Option (PCPO) — Acronym,
- Portfolio Lender — Definition,
- A company that underwrites mortgage loans and keeps them on the books instead of selling them on the secondary market.
- Portfolio Management Techniques Course (PMT) — Acronym, Canada,
- Portfolio Market Value Sensitivity Level (PMVSL) — Acronym, United States, ➥ A US term.
- Porting — Definition,
- A portable mortgage allows you to transfer the terms and conditions from an existing property loan to a new property loan.
- Possession — Definition,
- Something that is owned.
- The condition of having signed all the papers at closing and having received keys to the house.
- Post Living Differential (PLD) — Acronym, Canada,
- Posted Rate — Definition,
- The mortgage rates initially offered by a bank which a borrower is then expected to negotiate down.
- Postville Airport (YSO) — Acronym, Postville, Newfoundland and Labrador, Canada,
- Potential Gross Income (PGI) — Acronym,
- Potential Gross Income Multiplier (PGIM) — Acronym,
- Powell River Airport (YPW) — Acronym, Powell River, British Columbia, Canada,
- Powell River Credit Union (PRCU) — Company Est. 1939, Powell River, British Columbia, Canada, ➥ Now called First Credit Union.
- Power of Attorney (POA, PA) — Acronym,
- A document in which the signer authorizes someone to conduct business in his or her name -- signing title documents and cheques, for example.
- Power of Sale — Definition,
- The right of a mortgagee to force the sale of the property without judicial proceedings should default occur.
- Power Windows (PW) — Acronym,
- Prairie Centre Credit Union (PCCU) — Company Est. 2006, Saskatchewan, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Prairie Mountain Credit Union (PMCU) — Company, Manitoba, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Pre-approval — Definition,
- A process that mortgage lenders use to determine how much money they would lend you based on a thorough review of your financial situation. Lenders issue a pre-approval letter which strengthens your position when bidding on a home, as it shows sellers that you will be able to raise funds needed to purchase.
- Pre-Approval Expiry Date — Definition,
- The date when a pre-approved mortgage expires, often 90 - 120 days after being pre-approved.
- Pre-approval Letter — Definition,
- A document from a lender or broker, estimating how much a potential home-buyer could borrow, based on current interest rates and a preliminary look at credit history.
- Pre-Approved Credit Card (PACC) — Acronym,
- Pre-authorized Chequing (PAC) — Acronym, Important,
- Pre-authorized Debit (PAD) — Acronym, Important,
- A way to set up a monthly payment to be automatically paid from a bank account.
➥ A PAD Agreement allows a payee to direct debit the bank account of a payor. - Pre-authorized Payments — Definition,
- A way to set up a monthly payment to be automatically paid from a bank account.
- Pre-computed Loan — Definition,
- With a pre-computed loan, the interest owed over the life of the loan is calculated using a standard amortization table. After signing for this type of vehicle loan, the borrower is obligated to pay back principal plus the full amount of interest that will accrue over the entire term of the loan.
- Pre-Existing Alien Abduction Clause (PEAAC) — Acronym,
9.
Portage Credit Union -
Power of Attorney
Power of Attorney
