What does it mean?   Mortgage lenders and brokers often use terms that mean something different in mortgage lending than in other endeavours.     Terms like interest, leverage, term and many others have multiple meanings depending on the context.  Compiled here for your information is a list of terms that clients often need defined […]

In every mortgage I have brokered there is a moment when my client says to me in one way or another, “Why does the bank need that?” and, in every case the answer has either been ‘Risk Management’ or ‘Regulation’ And strangely it is the first one that has great effect on the rate.  In […]