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.
Amortization:
Length of time over which the debt will be repaid.
Appraisal:
Process for estimating the market value of a property.
Appraiser:
Certified professional who carries out an appraisal.
Appreciation:
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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