Across
- 2. Net earnings plus all deductions or expenses not requiring a cash outlay. (2 words)
- 5. An agency that supplies credit information to credit grantors. (2 words)
- 7. A client’s option to move their existing residential mortgage when they move.
- 8. An arrangement to borrow money, secured by real estate property; a promise to pay is given.
- 9. Assets offered to support a credit application.
- 11. Total assets less total liabilities. (2 words)
- 12. The annual interest rates applicable to residential mortgage loans in Canada.
Down
- 1. The individual(s) who borrowed money.
- 3. Includes property, cash, GIC’s, term deposits, marketable securities and motor vehicles.
- 4. Current outstanding debt obligations owed.
- 5. When the mortgage transaction is finalized and funds are advanced. (2 words)
- 6. The care and responsibility a client has demonstrated regarding their financial affairs.
- 10. The client’s ability to repay the debt.