As a Buyer here are a few words starting with "A" that you might hear!!!

Adjustable mortgage interest rate:
With an adjustable rate, both the interest rate and the mortgage payment vary, based on market conditions.
Length of time over which the debt will be repaid.
Process for estimating the market value of a property.
Certified professional who carries out an appraisal.
The increase in value of something because it is worth more now than when you bought it.
Approved lender:
A lending institution designated as an approved lender by CMHC under the National Housing Act. Only Approved Lenders may qualify for CMHC Loan Insurance.
Assumption agreement:
A legal document signed by a homebuyer that requires them to assume responsibility for the obligations of a mortgage by the builder or the previous owner.

Carole Hunnisett

Carole Hunnisett

Sales Representative
CENTURY 21 Blue Sky Region Realty Inc., Brokerage*
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