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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Zero Balance: What shows on a credit card customer's bill when the outstanding balance has been paid and no new charges have been incurred during the billing cycle.
Zero Down Mortgage: Available in Canada as a true 100% mortgage financing product. See also "No Money Down Mortgage."
Zoning: Areas within a city limits in which certain types of land uses are allowed. For example, a zoning ordinance might permit houses but not factories in a neighborhood.

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Mortgage and Real Estate Glossary