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Mortgage Allies Abbreviations & Acronyms

All | * / # < > ~ A B C D E F G H I L M N O P Q R S T U V X Y
There are currently 162 Abbreviations & Acronyms in this directory
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/
Per

3M Int
3 Months' Interest

<
Less-than

<=
Less-than or equal to

>
Greater-than

>=
Greater-than or equal to

~
Approximately


Less-than or equal to


Greater-than or equal to

Acc
Account

Am
Amortization

Apl
Appraisal

App
Application

APR
Annual Percentage Rate

AR
Ajustable Rate

ARM
Adjustable Rate Mortgage

Avg
Average

AVM
Automated Valuation Model [Appraisal]

B
Balance

Bal
Balance

BF
Brokerage Fee

BL
Bridge Loan

BOC
Bank of Canada

BS
Base Salary

BY
Bond Yield

C
Line of Credit Account [Credit Report]

CC
Closing Costs

CCB
Canada Child Benefit [Income]

Cert
Certificate

CF
Condo Fee

Chg
Change

CIRD
Client Information & Risks Disclosure Form

CMNA
Client Mortgage Needs Analysis Form

Cnt
Contractual

COF
Condition of Finance

Coll
Collateral

Com
Commercial

Comm
Commission

Compl
Complete

Const
Construction

Corp
Corporation

CP
Condo Property

CS
Credit Score

Cum
Cumulative

Cur
Current

DCR
Debt Coverage Ratio

Docs
Documents

DP
Down Payment

DP Min
Minimum Required Down Payment

DTB
Disclosure to Borrower

E. and O.E.
Errors and Ommissions Excepted.

E.&O.E.
Errors and Ommissions Excepted.

Est
Estimated

Etc
Etcetera

ETO
Equity Take Out

Excl
Excluding

F
Funds

F+
Additional Funds

FCT
First Canadian Title

Fh
Freehold

FNF
Fidelity National Financial Inc.

FP
Foreign Property

FR
Fixed Rate

Ft
Feet

FTHB
First Time Home Buyer

G
Gift

GDS
Gross Debt Service [Ratio]

GF
Gifted Funds

Govt
Government

GST
General Sales Tax

H
Heat

Hb
Holdback

HELOC
Home Equity Line Of Credit

HST
Harmonized Sales Tax

Ht
Heat

I
Installment Account [Credit Report]

IAA
Interest Adjustment Amount

IAD
Interest Adjustment Date

Imp
Improvements

Inc
Income

Inc Min
Minimum Required Income

Incl
Including

Incr
Increase

Ins
Insurance

Int
Interest

Int Only
Interest Only

IRD
Interest Rate Differential

L
Lease Account [Credit Report]

LF
Lender Fee

LOC
Line of Credit [Unsecured]

LP
Liabilities Paid

LTT
Land Transfer Tax

LTV
Loan to Value

M
Month[s]

Max
Maximum

MI
Mortgage Default Insurance

Min
Minimum

MLS
Multiple Listing Service

MLTT
Municipal Land Transfer Tax

MQR
Mortgage Qualification Rate

Mtg
Mortgage

N/A
Not Applicable

NRST
Non-Resident Speculation Tax

NTC
New-to-Canada

O
Open Account [Credit Report]

Occup
Occupy

OOR
Owner Occupied + Rental

OR
Overnight Rate [Bank of Canada]

Orig
Original

OT
Overtime

P
Prime Interest Rate

P Res
Principal Residence

P-I-T-C-H
Principal + Interest + Property taxes + Condo Fees + Heat

p.a.
Per Annum [Yearly]

P+I
Principal + Interest

Pay't
Payment

Paymt
Payment

Plty
Penalty

PP
Purchase Price

PP Max
Maximum Eligible Purchase Price

PPI
Purchase Plus Improvements

Pre-qual
Pre-qualification/Pre-qualify

Prop
Property Taxes

PropT
Property Taxes

PST
Provincial Sales Tax

PT
Property Taxes

Purch
Purchase

Q
Qualify

Qual
Qualify

R
Revolving Account [Credit Report]

R Res
Rental Property

Refi
Refinance

Rem
Remaining

Req
Required

Res
Residence

ROM
Rental Offset Method

RW
Rental Worksheet

RWM
Rental Worksheet Method

S Res
Secondary Residence

Sale P
Sale Proceeds

SC
Sliding Scale

Sched
Schedule

SCT
Standard Charge Terms

Single Fam
Single Family

SP
Sale Proceeds

Sq
Square

ST
Stress Test Interest Rate

STC
Subject to Change

STL
Subject to Lender

STP
Subject to Product

TBC
To be Confirmed

TBD
To be Determined

TDS
Total Debt Service [Ratio]

Tel
Telephone

Ts&Cs
Terms & Conditions

U/W
Underwriting

Var
Variable

VR
Variable Rate

VRM
Variable Rate Mortgage

X
Ineligible

Y
Year[s]