Mortgage Glossary
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 | ALL
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.
