Buyer resource
Financial Terms Glossary
Plain-English definitions for common home-buying finance terms.
GDS and TDS
Gross Debt Service and Total Debt Service ratios help lenders evaluate whether a mortgage payment is affordable.
CMHC insurance
Default insurance may apply when the down payment is below 20 percent, subject to eligibility rules.
Amortization vs. term
Amortization is the full repayment timeline; the term is the current mortgage contract period.
This page is general information only. Mortgage, legal, tax, and insurance advice should be confirmed with the appropriate licensed professional before you make a purchase decision.
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