Solutions

Solutions

This section is designed to answer your burning mortgage questions and address everything from basic mortgage definitions to more complex insurance options.

Mortgage Glossary

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P

P.I.T.

Principal, Interest and Taxes - payments due on a regular basis under the terms of the mortgage agreement. Generally, payments are made monthly and include one-twelfth of the estimated annual municipal and school taxes. Since these taxes change from year to year, this section of the mortgage will change accordingly.



P.I.T.H.

Principal, Interest, Taxes and Heating-costs used to calculate the Gross Debt Service ratio (GDS).



Principal

he amount of money actually borrowed.



Location

UNIT 102, 2016 SHERWOOD DRIVE
Sherwood Park, Alberta
T8A3X3