no-documentation loan, n. A mortgage in which the applicant provides a minimum of information — name, address, Social Insurance number (so credit reports can be pulled), and contact information for an employer, if there is one. The underwriter decides on the loan based on the applicant’s credit history, the appraised value of the house and size of down payment.
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Read your mortgage contract or ask your lender if breaking your mortgage contact is an option. It is important to consider carefully all the costs and benefits involved. To qualify for a new mortgage at a bank, you will need to pass a mortgage "stress test".
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Functional requirement. In software engineering and systems engineering, a functional requirement defines a function of a system or its component, where a function is described as a specification of behavior between outputs and inputs. Functional requirements may involve calculations, technical details, data manipulation and processing,
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CMI keeps you up-to-date on the latest mortgage information. Learn about recent Canadian mortgage trends here. CMI brokers are your source for mortgage information.
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or increased 2.9% in functional currency for the quarter ended june 30, 2019 . Weighted-average rental rate on renewals that commenced during the quarter ended June 30, 2019 , increased 4.0%,