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Mortgage Glossary

Below is an A-Z glossary of general terms used within the mortgage industry. Click on any term to view a detailed explanation. Use the alphabet below to navigate quickly to a term beginning with:

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CMG Plan

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Not a particularly common facility; however, some banks will now offer borrowers the opportunity to have a mortgage attached to their current or cheque account. Often also referred to as an offset mortgage, but is generally seen as a mechanism for early repayment rather than repayment flexibility.

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