Porcupine Mortgage Refinance and Information Online from competing Lenders

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BC-Oil-Prices , 2nd Business News Stock market outlook negative; oil, gold, C$ decline TORONTO - Overseas stock markets are shaky and Wall Street index futures point to a weak open for the last day of a disastrous October. Oil, gold and base-metal ...

Today's Mortgage Terms starting with E

Equity: The difference between the current market value of a property and the total debt outstanding against the property.

Escrow: A transaction in which a third party represents both the buyer and seller, or for borrower and lender, involving the handling of legal documents and disbursement of funds. In some parts of the US, escrow of taxes and insurance premiums are referred to as impound or reserves.

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