Amortization

Anniversary

Appraisal

Appraised Value

Approved Lender

Assumption

Balanced Market

Blended Payment

Building Permit

Buyer's Market

Closed Mortgage

Closing Costs

Closing Date

CMHC

Collateral Mortgage

Commitmetn Letter / Mortgage Approval

Conditional Offer / Conditions of Sale

Conventional Mortgage

Covenant

Conveyancing

Deed

Default

Discharge of Mortgage

Down Payment

Easement

Encumbrance

Equity

FHLI

Foreclosure

Gross Debt Service Ratio

High-Ratio Mortgage / Insured Mortgage Loan

Holdback

Interest

Interest Adjustment (IAD)

Interest Rate

Lending Value

Loan-to-Value Ratio

Lien (Mechanics)

Maturity Date

Mortgage

Mortgage Life Insurance

Mortgage Loan Insurance

Mortgage Payment

Mortgagee

Mortgagor

Net Worth

NHA Premium

Offer to Purchase

Option Agreement

PIT

PITH

Pre-Approved Mortgage

Prepayment Privileges

Principal

Property Purchase or Land Transfer Tax

REALTOR®

Deposit

Refinance

Regular Mortgage

Renewal

Second Mortgage

Seller's Market

Strata or Condominium Fee

Statement of Adjustment

Survey

Term

Title (Freehold or Leasehold)

Total Debt Service Ration (TDS)

Variable-rate Mortgage

Seller Take-Back Mortgage

Zoning Bylaws

The period of time required to reduce a debt to zero when payments are made regularly. Amortization periods are most often 15, 20, or 25 years long.