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Canada January Retail Sales Rise as Renovation Credit Expires - BusinessWeekCanada January Retail Sales Rise as Renovation Credit ExpiresBusinessWeekPrime Minister Stephen Harper introduced a temporary tax credit on home renovations to boost spending through last year's recession, a policy that ...and more »
Nick Hancock: "Sir Stanley Matthews' medal cost me £20000" - Telegraph.co.ukTelegraph.co.ukNick Hancock: "Sir Stanley Matthews' medal cost me £20000"Telegraph.co.ukTV presenter and comedian Nick Hancock, of 'They Think It's All Over' and 'Room 101', took a break recently to become a mortgage broker. By Justin Harper ...and more »
Detroit land deals spark speculation - The Detroit NewsDetroit land deals spark speculationThe Detroit NewsThe properties are owned by Harper Woods-based Eddystone Development LLC, and state records show one person is identified with the firm, Raif Harik. ...and more »
Marc and Craig Kielburger's do-gooding social enterprise - Globe and MailGlobe and MailMarc and Craig Kielburger's do-gooding social enterpriseGlobe and MailThis month's throne speech from Ottawa strongly hinted that Stephen Harper's government sees social enterprise as the future of the charity sector. ...
Canada's Harper Targets Defense to Eliminate Deficit - BusinessWeekGlobe and MailCanada's Harper Targets Defense to Eliminate DeficitBusinessWeekCanada plans to issue C$95 billion of bonds in the 2010-11 fiscal year, down from C$102 billion, as it ends measures such as the insured mortgage purchase ...Jobs top priorityVernon Morning StarText of federal budget speechToronto StarFlaherty May Borrow C$85 Billion for Next Budget: Canada CreditBusinessWeekToronto Starall 787 news articles »
Spreads May Tighten, Led by Telecommunications: Canada Credit - BusinessWeekSpreads May Tighten, Led by Telecommunications: Canada CreditBusinessWeekPrime Minister Stephen Harper said earlier this month that government will open up the telecommunications market to foreign investors. ...and more »
Downtown Office Tower Signs New Leases, Renewals - GlobeSt.comDowntown Office Tower Signs New Leases, RenewalsGlobeSt.comAlso, Harper Meyer Perez Hagen O'Connor & Albert LLP signed a new lease for 9610 square feet, with David Steinfeld and Barbara Liberatore Black of Cresa ...
Consumer Agency Within Fed Seen as Victory for Banks - BusinessWeekConsumer Agency Within Fed Seen as Victory for BanksBusinessWeekConsumer advocates say the Fed didn't use its authority to put in place stronger protections for home buyers as the subprime mortgage market began to expand ...and more »
Analysis: Jim Flaherty's sacred cows — corporate tax cuts - Toronto StarGlobe and MailAnalysis: Jim Flaherty's sacred cows — corporate tax cutsToronto StarIn a research report last month, BMO Capital Markets analysts noted that the Harper government has been reducing taxation of corporate profits "with the ...Ottawa closing the tap on bank support measuresCTV.caall 122 news articles »
Daily Forex Reporta - USD higher, consumer prices flat, continuing claims rise - Easy-ForexDaily Forex Reporta - USD higher, consumer prices flat, continuing claims riseEasy-ForexCanada's PM Harper downplayed recent strength of the CAD. His comments appear to reduce the risk that Canada is considering intervention to try to slow the ...and more »

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Today's Mortgage Terms starting with P
Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
Principal: It is the amount of money borrowed or owed, excluding interest.
View all Terms |