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Mortgage Glossary – C

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Canadian Bankers Association (CBA) A professional association that provides information, research, education, information and operational support services mainly to the banking industry. Capital Gain or Loss – The profit lost or gained on a financial investment. Capital Gains – The profit made from investments. Capital Gains Tax – Taxes owed on the profits from the […]

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Mortgage Glossary – B

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Bank – A financial institution that borrows and lends money. Bankruptcy – The financial status of an individual or company that may be voluntarily or involuntarily. The judgment of being legally insolvent. Legally and financially insolvent. Basis Point – A measurement of a percentage: 1/100th of one percent. Bill of Sale – A receipt or […]

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Mortgage Glossary – A

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Accredited Mortgage Professional (AMP) – Developed by the Canadian Institute of Mortgage Brokers and Lenders (CIMBL). The designation was developed to ensure the highest standard and quality of professionalism within the mortgage brokerage industry. Mortgage Brokers with this designation are continually educated to meet the changing demands of the industry. Accrued Interest – Interest accumulated […]

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Mortgage F.A.Q.

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Q: How does a mortgage broker get paid? A: We are paid by the banks a finder fee for each mortgage we arrange. However, we work on your behalf to secure the best mortgage rates in Canada. Q: What is a Mortgage Broker? A: A Mortgage Broker in Canada is a person who works on […]

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Industry Articles

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In this fast-paced and ever-changing market, Urban Mortgage is continually alerting its clients to changes in the housing industry. Please see the articles and news bites below for the latest news. Alberta boom unprecedented. Statistics Canada releases report By Ian Wilson, Business Editor – Calgary Sun Break free from debt: got bills? Four women show […]

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Mortgage Information

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Here you can find useful mortgage information to help guide your mortgage decision. Please feel free to read through the materials we have here and get informed about mortgages. Mortgage Tools toolsThese mortgage tools can help you determine payback amounts, payback periods, help you decide between renting and buying and more. Mortgage Glossary tools This […]

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Privacy Policy

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This website was founded on principles of trust, integrity and the delivery of outstanding service. Therefore, we are very concerned with the privacy rights of our online visitors and customers and are committed to protecting the information collected about you. This website, owned and operated Urban Mortgage and The Canadian Equity Group (CEG) has taken […]

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Media

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News Releases March 14/11 – New Mortgage Insurance Rules take Effect This Week Calgary, AB – On January 17th of this year, the Federal Government announced new rules with the intention of ensuring the stability of Canada’s housing market and to save Canadians from taking on too much debt… March 8/11 – How will $25,000 […]

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About Urban Mortgage

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Urban Mortgage Inc. is a Calgary-based mortgage brokerage. Our agents have direct relationships with over 54 different lenders across Canada in order to provide our clients with the best mortgage rates and products. We are a company that believes that every client should be treated equally, fairly, and with the highest respect, no matter what […]

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Application

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Urban Mortgage Inc. uses this form solely for the purpose of mortgage qualification. Once filled out, it will remain  strictly confidential. The  information will be used to quickly verify your credit rating. This form is secure, so please  provide the following information to the best of your ability to help Urban Mortgage Inc. get started on […]

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