Glossary

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H

High-ratio Mortgage

A mortgage loan in excess of 80% of the lending value of the property. This type of mortgage must be insured -for example, by CMHC-against payment default.



Holdback

An amount of money withheld by the lender during the progress of construction of a house to ensure that construction is satisfactory at every stage. A standard holdback amount is 10% of the total cost of the building project.



Location

UNIT 102, 2016 SHERWOOD DRIVE
Sherwood Park, Alberta
T8A3X3