5. Fill in the blanks with the words in the box below. Not all the words are used. 16 land transfer tax CMHC collateral amortization bi-weekly semi-monthly mortgagee mortgage annuity compounding rebate tax mortgagor a) David would like to purchase a home. However, he does not have enough money to buy the house with cash. Therefore, he needs to combine some of his savings with a arranged through a bank to afford the home. b) The period is the number of years required to repay an entire mortgage. c) Payments made every two weeks are called payments. d) Payments made twice a month are called payments e) In a mortgage a person secures the money from the lender by using the property as In case of a default in payments, this allows the lender to take your house. f) A series of equal payments made at equal intervals of time is called an