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Finance Terms
Be an informed consumer. Understanding the terminology used by lenders and mortgage brokers will give you an advantage when searching for a loan. Below you will find definitions of key words you should know when applying for your mortgage. If there is anything you dont understand always ask. Know what your getting into before you sign. If there is any part of the paper work you dont fully understand that your lender can not explain to your satisfaction DO NOT sign. Take copies to a trusted advisor. Your mortgage is a long term obligation. It is worth the whatever time it takes upfront to be sure you wont be sorry later. If you have any terms you would like to add to our listing please send them to