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A Borrower or Lender You Shall Be – Canadian Funding Corp Innovations

Canadian Funding Corp Innovations continues on the topic of mortgages. In the last Canadian Funding Corp mortgage post the focus was on a brief history of mortgages. This post will be a quick tutorial on the parties to a mortgage.
Lender
Mortgagee is a party to whom property is mortgaged, usually a lender. Mortgage provides security to [...]

A Brief History of Mortgages from Canadian Funding Corp

Canadian Funding Corp Innovations offers a brief history of mortgages. What is this word “mortgage”? Why do some people’s eyes glaze over when they hear the word while others perk up?
Again, what is the origin of the word “mortgage”? The word “mortgage” comes from the French legal term meaning “dead pledge”. Sounds scary? Well there [...]