The amount of cash put forward by the buyer toward the purchase price of real estate. …
Fixed Rate Mortgage
The interest rate remains the same for the term of the mortgage. …
Gross Debt Service Ratio (GDS)
The percentage of annual gross income of the mortgagor that is required to maintain annual mortgage payments, property taxes and hydro. …
Blended Mortgage
A mortgage that combines the amount owing on an existing mortgage with additional funds being advanced. The interest rate would be a combination of the rate on the old loan and the rate in effect at …
Wetlands
Watery areas such as swamps, marshes and floodplains. …
Wild Deed
An improperly recorded deed. …