Alberta Equity Mortgages - Mortgage Glossary

30.18% First-time buyer
21.62% Qualification
14.86% No money down
11.71% Refinance
6.53% Renewal
4.73% Purchase
3.15% Pre-approval
2.03% Variable Rate
1.35% Low doc
3.84% Other

Mortgage and Real Estate Glossary

Alberta Equity's glossary contains hundreds of terms. With this tool, you can click or search through the largest real estate and mortgage glossary in Canada!

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Key: A password needed to decipher encrypted data.
Key Lot: A lot of which ownership is essential in acquiring a piece of land for development, either because of its strategic location or the timing of the acquisition.
Kicker: Term describing any benefit to a lender above ordinary fixed-interest payments. It may be an equity position in a property or a percentage participation in the income stream.

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Mortgage and Real Estate Glossary