Terms that are on use on this site.
There are 59 entries in this glossary.| Term | Definition |
|---|---|
| Five-Percent Down Program |
This allows buyers to obtain up to 95% financing on properties up to a certain value. The loan must be insured against default by GE Capital Mortgage Insurance Corporation or CMHC (Canada Mortgage and Housing Corporation). This maximum home value will vary according to location (local Realtors should know the applicable limit) and eligibility can vary with personal circumstances. |
Thank you for helping us to step forward into home ownership! Your guidance helped us to find the mortgage that was right for us. We really appreciate all of your insight - you made what was a daunting process relatively painless.
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