Terms with Tag Mortgage Lender

  • First National Financial Corporation (FNFC)Company, Toronto, Ontario, Canada,
    • First National Financial LP is Canada’s largest non-bank lender, offering both commercial and residential mortgage.
    Now called First National Financial LP.
  • First Nations Bank of Canada (FNBC)Company, Saskatoon, Saskatchewan, Canada,
      A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
    • Firstline Mortgages (FLM) Company, Toronto, Ontario, Canada, Very Important,
      • As of July 31, 2012, Firstline Mortgages announced that it will no longer be accepting new mortgage clients.
      A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
    • Great West Life (GWL) Company Est. 1891, Canada-wide, Important,
        A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
      • Gross Debt Service (GDS) Acronym, Very Important,
        • The total monthly mortgage (or rent) payments, property taxes, utilities and maintenance fees as a percentage of gross monthly income.
        Used by mortgage lender underwriters to determine one's ability to qualify for a mortgage loan.
      • Guaranteed Instant Valuation (GIV)Acronym,
        • High Ratio Loan (HRL)Acronym, Very Important,
          • Home Mortgage Protection (HMP)Acronym, Important,
            • Home Trust Company (HTC) Company Est. 1977, Canada-wide, Important,
                A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
              • HSBC Bank CanadaCompany, Canada-wide,
                  A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                • HSBC Trust Company (Canada)Company, Canada-wide,
                    A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                  • ICICI Bank CanadaCompany, Canada-wide,
                      A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                    • IG Investment Management (IGIM)Company, Canada-wide,
                        A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                      • Industrial Alliance (IA) Company Est. 1987, Canada-wide, Important,
                          A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                        • ING Bank of CanadaCompany, Canada-wide,
                            A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                          • Insured Progress Advance Mortgage (IPAM)Acronym,
                            • Interest Rate Differential (IRD) Acronym, Very Important,
                              • The penalty one pays for breaking a mortgage.
                            • Investment Property Mortgage (IPM)Acronym,
                              • Investors Group Trust Company (IGTC)Company, Canada-wide,
                                  A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                                • Investors SyndicateCompany, Canada-wide,
                                    A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                                  • L'Alliance des Caisse populaire de L'Ontario Company, Ontario, Canada,
                                      A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                                    • La Capitale Civil Service InsurerCompany, Quebec, Canada,
                                        A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                                      • Laurentian Bank of Canada (LBC) Company, Canada-wide,
                                          A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages. Also offers reverse mortgages.
                                        • Laurentian Trust of CanadaCompany, Canada-wide,
                                            A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                                          • League Savings & Mortgage Company (LSM) Company, Canada-wide,
                                              A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                                            • Lender Approved Appraiser (LAA)Acronym,
                                              • Line of Credit (LOC) Acronym,
                                                • A commitment by a financial institution to lend up to a specified maximum amount to a customer during a specified period of time.
                                              • Loan to Value Ratio (LVR)Acronym, Important,
                                                • Loan-to-Value (LTV) Acronym, Very Important,
                                                  • The ratio of the principal amount of the loan to the lesser of the purchase price of the property or the property's appraised value. This can be expressed as an 80% loan, or 80% LTV.
                                                  A widely used term in the mortgage brokerage and lending industry, especially by mortgage underwriters.
                                                • London Life Insurance Company (LLIC)Company, Canada-wide,
                                                    A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
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