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What is alternative mortgage instruments?

Updated: 8/16/2019
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What has the author Michael D Grace written?

Michael D. Grace has written: 'Alternative mortgage instruments and the secondary market' -- subject(s): Mortgage loans


How can you find a quote for a mortgage loan?

One can find a quote for a mortgage loan by using a simple online mortgage loan calculator. An alternative is to consult a professional for a custom quote.


Can a mortgage company sell your loan?

A mortgage company can sell your home for the right price. Often times mortgage companies will offer you an alternative to selling your loan so that you get the best deal available to you. See the related links for mortgage companies in Texas.


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What need did the development of negotiable instruments meet?

The development of negotiable instruments met the need for a flexible and safe means of transferring funds and making payments in commercial transactions. These instruments provided a more convenient and secure alternative to carrying large amounts of cash.


What are the major instruments traded in capital markets?

U.S. securities; U.S. agency securities; corporate bonds; state and local government bonds; mortgage instruments; financial guarantees; securitized instruments; broker-dealer loans; foreign, international, and global bonds; and eurobonds.


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Since the 1930s, mortgage loans made in primary markets typically have been long-term, fixed-rate instruments with level payments that pay off (amortize) the principal balance over the term of the loan


How would one go about remortgaging their debt?

Remortgaging is taking out a new mortgage to replace an existing mortgage with the potential to consolidate debt and reduce payments. The least expensive way to remortgage ones debt is to negotiate with ones current lender for a new mortgage with a lower interest rate, consolidating ones debt at the same time. By extending the length of the mortgage, the monthly payment may be reduced. The alternative is to seek a new mortgage from a different lender and pay off the existing lender. The goals of debt consolidation and reduced monthly payment remain the same.


Where can someone find information about the closing cost to refinance a home mortgage?

When searching for closing cost to refinance a home mortgage, you can speak directly to the bank to find out more information about specific details. A loan officer at the bank will be able to give you detailed information as well as alleviate any concerns that you might have. An alternative to speaking to someone from the bank would be to locate their website, and search for mortgage information online.


What is a mortgage loan originator?

Mortgage loan originator is an institution or individual that works with borrower to complete a mortgage transaction.A mortgage originator can be a mortgage broker or mortgage banker & is the original mortgage lender.


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