Home -> Glossary -> Mortgage Broker

• Mortgage Basics
• Mortgage Terms Glossary
• Mortgage Process
• Mortgage Rates
• Credit Resources
• Mortgage Calculators
• Apply Online Now
• Customer Satisfaction Survey

MORTGAGE BROKER:

A registered agent who negotiates with lenders on behalf of a borrower to obtain the best overall mortgage for that borrower's circumstances. Mortgage Brokers arrange financing for "A+" clients as well as financing "non-standard" situations which cannot be funded by a major national lender. This is possible because a Mortgage Broker has access to lenders who do not advertise nationally or operate retail locations.

Use our Mortgage Terms Glossary to learn more about mortgages and the process you’ll go through to obtain one.

Adjustments on Closing	Amortization
Appraisal	Assessment
Assignment of Interest	Assumable Mortgage
Blend and Extend	Buy-Down
Buyer's Agent	Canada Mortgage and Housing Corporation (CMHC)
Cap Rate	Closing
Closed Mortgage	Commitment Letter
Compliance Letter	Connection Charges
Conventional Mortgage	Convertible Mortgage
Credit Report	Default
Double-Up	Down Payment
Equity	Five-Percent Down Program
First Mortgage	Genworth Financial Canada
Gross Debt Service Ratio (GDS)	Hedge
High-Ratio Mortgage	Home Inspection Report
Interest Rate Differential	Lien
Loan-to-Value Ratio	Mortgage Broker
Mortgagee	Mortgage Insurance
Multiple Listing Service (MLS)	Municipal Levies
Open Mortgage	Pith
Portable Mortgage	Prepayment Privilege(s)
Prepayment Penalty	Princiapal
Refinance	Registration Fees
Simple Interest	Survey
Switch	Tax Certificate
Title Insurance	Total Debt Service Ratio (TDS)
Undertaking	Underwriting
Variable Rate Mortgage (VRM)	Verification of Employment
Work Orders

Minimize Your Mortgage Sweepstakes
Testimonials
Contact Mortgage Professor

Search Engine Optimization provided by Skooiz.com Interactive Agency