General

CAAMP in the News…

With continued talk of Canadian housing imbalances, the evolving oil shock and the Bank of Canada’s surprise rate cut, there’s been no shortage of opinion

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Happy Holidays!

From our CMT family to yours, have a wonderful memorable holiday with family and friends. The mortgage industry remains closed until Friday.

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Hawkish

Definition: Hawkish describes a stance or outlook on economic policy, particularly in relation to interest rates, that favours tighter or more restrictive measures to control

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Underwriting

Definition:Underwriting is the process by which a financial institution or lender evaluates the risk of insuring or lending money to an individual, business, or entity.

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Rate Bias

Definition:Rate bias refers to the practice where lenders, financial institutions, or other entities apply different interest rates or loan terms to borrowers based on certain

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Equity (for Mortgages)

Definition: In the context of mortgages, equity represents the portion of a property’s value that the homeowner actually owns, as opposed to what is still

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Variable rate mortgage (VRM)

Definition:A variable rate mortgage (VRM) is a type of home loan where the interest rate fluctuates over time, typically in line with a benchmark interest

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Readvanceable Mortgage

A readvanceable mortgage lets you reborrow the principal you pay off each month. A readvanceable mortgage has two parts: 1. A “mortgage” portion 2. A

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