Home Buyer Resources | Trico Homes | New Home Builder in Calgary Alberta. New Houses, Townhomes and Condos

Home Buyer Resources

Glossary
home-buyer-resources#glossary

Terminology and phrases utilized throughout the building process may not be familiar to you. We have listed common terms and phrases for your reference. If you require additional information or clarification, please contact your Area Manager, as they will be with you throughout the building process to answer any questions or concerns that you may have.

MLS (Multiple Listing Service)

A multiple listing service that contains descriptions of most of the homes for sale. This computer-based service is used to keep up withproperties that are listed for sale.

Mortgage

A mortgage is a legal security (registered on title) for a loan on a property. It is a financial charge and encumbrance against the property as security for the loan.