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