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MORTAGE GUIDE
MORTGAGE: A MORTGAGE
represents a loan or lien on a
property that has to be paid
over a specified period of
time. Mortgages come in many
different shapes and sizes,
each with its own advantages
and disadvantages. Make sure
you select the mortgage that is
right for you, your future
plans, and your financial
picture. Mortgage provides you
with accurate and clear
information about mortgages and
how to negotiate mortgages with
confidence and helps you
navigate the maze of mortgage
mumbo jumbo, as well as give
you the inside scoop.
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MORTAGE BROKER: A mortgage broker acts as an
intermediary who sells mortgage loans on behalf
of individuals or businesses.
TASK OF MORTGAGE BROKER: Banks' activities
can be divided into retail banking, dealing
directly with individuals and small businesses;
business banking, providing services to
mid-market business; corporate banking,
directed at large business entities; private
banking, providing wealth management services
to High Net Worth Individuals and families; and
investment banking, relating to activities on
the financial markets.
The following tasks are undertaken:
1.Marketing to attract clients
2.Assessment of the borrowers
circumstances
3.Assessing the market to find a mortgage
product that fits the clients needs
4.Applying for a lenders agreement in
principle
5.Gathering all needed documents
6.Completing a lender application form.
7.Explaining the legal disclosures
8.Submitting all material to the lender
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INDUSTRY: |
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Mortgage for Beginners
With news, quotes and rates, tips on dealing with brokers and lenders, a glossary, refinance advice, information on fixed and adjustable-rate mortgages (ARMs), home equity loans, refinancing, second and reverse mortgages, mortgage calculators, and more.
Mortgage Industry News
An ove rview o f th e la test news rela ti ng t o th e mo rtgage i ndustry, u pda ted daily.
Mortgage Rates
Th e la test mo rtgage ra tes, u pda ted daily.
Home Equity Loan Rates
Th e la test home equi ty loa ra tes, u pda ted daily.
Mortgage Basics
Understa nd th e ba sic termi n ology o f mo rtgages: pri ncipal, i nterest, term a nd amo rtiza tio n. Fi nd ou t h ow much mo ney yo u ca n a nd should bo rrow.
Fixed and Adjustable Mortgage Rates
Learn abo ut fixed-ra te mo rtgages a nd adj us table-ra te mo rtgages o r ARMs. Understa nd th e pros a nd co ns o f ea ch mo rtgage type.
Home Equity Loans
Learn abo ut home equi ty loas. See h ow th ey ar e us ed, a nd fi nd ou t wha t th e speci fic advatages a nd disadvatages o f a home equi ty loa ar e.
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| COUNTRY
MORTGAGE: |
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| INDIA MORTGAGE
INDUSTRY: |
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MORTGAGE INDUSTRY: Mortgage industry which
has flourished the world's housing market is
simply meant as a process by which the
individual and the business can purchase the
residential and the commercial property without
paying the total value.
COUNTRY MORTGAGE:
• Singapore Mortgage
• Japan Mortgage
• China Mortgage
• Germany Mortgage
• Europe Mortgage
• Switzerland Mortgage
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