First and Second mortgages: First or Second charge against the real estate. The Second mortgage rate is generally much higher than the First mortgage rate.

Collateral Mortgages: Personal Loan secured by real estate.

Variable Rate Mortgages: Interest rates subject to fluctuation based on various formulas.

Construction Financing: To provide financing during construction.

Convertible Mortgages: Usually 3, 6 or 12 month guaranteed rate mortgages with the option to convert to a longer term mortgage during the initial or subsequent terms.

Bridge Financing: To provide cash out of a sold property generally for down payment on a purchased property when the closing dates do not coincide. -i.e. the sale takes place on a date that goes beyond the purchase date of the new property.

Equity take out mortgages: To remove cash equity from a property.

CMHC/GE Capital insured mortgages: Allow the purchase of real estate with as little as 5% down payment on home purchase, the balance is generally provided by way of a single insured mortgage at or below market rate.

Blanket mortgages: Two or more properties are used to secure a single mortgage.