Mortgage Info
	Glossary of Mortgage Terms [W]
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Mortgage Glossary © Copyright WebsiteUpgrades.ca | A | B | C | D | E | F | G | H | I | J | K | L | M | | N | O | P | Q | R | S | T | U | V | W | WAREHOUSE FEE: Charge to a borrower to cover the costs of the lender taking short term loans from other lenders to cover the borrower's mortgage. WAREHOUSING: The process of assembling mortgages for sale to the secondary mortgage market. WEEKLY PAYMENTS: An alternative to the more traditional monthly payments on a loan or mortgage. Results in faster pay-down of principal, lower total interest paid. WIRE TRANSFER: The movement of funds from one place to another electronically. WRAPAROUND MORTGAGE: A secondary financing option in which new money borrowed is blended with money already owed and registered on title to the property. A second mortgage is registered as security for the new money but the old mortgage remains in existence and the rate of interest is a blend of the rate chargeable on the old mortgage and the rate chargeable on the newly borrowed money. | A | B | C | D | E | F | G | H | I | J | K | L | M | | N | O | P | Q | R | S | T | U | V | W |

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