CANADIAN MORTGAGE GLOSSARY TERMS

Here is a simple glossary of Canadian
mortgage lending and finance related
terms.
To find the term you are looking for
quickly, simply click on the letter below.

 

A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z

J

Joint Account
 A bank account that is co-owned or held by two or more people who share equally in the rights and liabilities of the account.

Joint Credit
 Credit that is issued to two people based their credit reports and their combined assets and incomes. The repayment of joint credit is the responsibility of both parties.

Joint Liability
 When two or more people are responsible for repaying a single debt.

Joint Tenancy
 When two people (typically spouses) both own an undivided interest in a property. If one joint tenant passes away, the other receives the title to the entire property.

Joint Venture
An arrangement under which two or more people or businesses go into a single venture as partners. Priority is determined solely by date of registration.

Judgement
The official and authentic decision of a court of justices upon the respective rights and claims of the parties to an action or suit therein litigated and submitted to its determination.

Judicial Sale
A legal remedy available to a mortgagee when a mortgage is in default.

Junior Mortgage
A mortgage that is subsequent to the claims of the holder of a prior (senior) mortgage.


www.mymortgage.ca

PHONE: 1.866.509.1090
FAX: 1.866.392.3672

Head Office
Unit 207, 4603 Varsity Drive NW

Calgary, AB. T3A 2V7

Today's BEST Rate:
2.05%

Canadian
Mortgage Rates

Term Rate (%)
as of Sep 3, 2010

Apply
TODAY!

Get the BEST possible RATE!

FREE Newsletter & Mortgage Rate Update

First Name:

Email Address:


Enter Security Code:





You can unsubscribe anytime.