Mortgage Terms Used by Dreyer Group Mortgages
We have put together some basic information on mortgage terminology, mortgage costs and some tips on how to make an informed decision on your mortgage needs. There are 20 entries in this glossary.
This is the document that your lender will confirm the basic terms and conditions upon which the lender will provide the mortgage and indicate the conditions that must be met before funding. The standard conditions include but are not limited to receipt of an appraisal, income verification by way of employment letters and income tax returns, as well as verification that the purchasers down payment has not been borrowed.