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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Year-End Statement: A report sent to the borrower each year. The report shows how much was paid in taxes and interest during the year, as well as the remaining mortgage loan balance at the end of the year.
Yield to Maturity (YTM): The internal rate of return on an investment. Typically takes into account all investment returns and their timing.

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Mortgage and Real Estate Glossary