CanadaMortgage.com

Our glossary has some 400 terms commonly (and not so commonly) used words and terms in the industry. Choose a LETTER below for terms beginning with the letter.

Mortgage Tools Glossary
A description of terms and details of parameters used with the Canada Mortgage calculators.
Condo Fees		How utilized in calculating required incomes
Down Payments		Parameters used for Canada Mortgage conventional financing calculator.
DS Ratios		Understanding Debt Service Ratios
Insurance Fees		for High Ratio Mortgages
Household Income		Determining qualifying income levels
% Interest		The default mortgage interest rates for our calculators
Investment		Investment Mortgages
Loan / Value		Loan to Value Ratio
Property Tax		Property Tax usage in Canada Mortgage Calculators
Rate Survey		Canada Mortgage's interest rate survey

Interest Rate Survey

The Interest Rate Survey represents the current "published" rates of the indicated financial institutions. Some lenders are currently offering discounts to their published rates as well as other promotional incentives to new clients.

The interest rates shown are compiled from a survey of the indicated financial institutions. Interest rates are subject to change without notice. While the data is believed to be correct, Canada Mortgage assumes no responsibility for any errors or omissions.

COMPARE RATES
TERM	OURS	BANKS
6.mo 1yr. 3yr. 5yr.	6.10% 4.85% 5.50% 5.44%	6.20% 6.65% 6.70% 6.85%