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Secondary Mortgage Market

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jecob@juno.com Guest	Posted: Sun Nov 27, 2005 10:23 am    Post subject: Selling an existing mortgage Like 0 Dislike 0 I am the personal representative of an estate that holds a first mortgage as an asset. Does your company buy such mortgages?
Sam Site Admin Joined: 21 May 2005 Posts: 813 Location: CALIFORNIA 347.04 Dollars($)	Posted: Sun Nov 27, 2005 8:37 pm    Post subject: RE Like 0 Dislike 0 Hi, Jecob We do deal in these type of mortgages, though we have some criteria for it. Get registered with us at www.mortgagefit.com/signup/ Once you get registered with us, our representative will follow you up for carrying out the further proceedings. Sam Administrator
kym Guest	Posted: Mon Feb 06, 2006 3:48 pm    Post subject: selling a mortgage Like 0 Dislike 0 Do you have to be a certified lender to loan someone a morgage and if so, can the loan be sold in the secondary market? What are guarantee fees?
Samantha Community Mentor Joined: 16 Sep 2005 Posts: 1609 Location: MASSACHUSETTS 150.97 Dollars($)	Posted: Mon Feb 06, 2006 4:11 pm    Post subject: Like 0 Dislike 0 Hi Kym, Welcome to the MortgageFit Forums. We do have a strong network of lenders who are certified and well experienced in their field. The loan can be sold to a secondary market if required but that won't bother you. Guarantee fee is paid by the borrower to the guarantee agency to insure the loan. The Guarantee agency charges the lender. This fee is no more than 1% and is deducted from the loan fund before the borrower receives it. Feel free to ask if you require more help. We will be happy to extend our service. God bless you. For MortgageFit, Samantha _________________ Know how to compare lenders with mortgage booklet
JohnJohn Guest	Posted: Tue Dec 09, 2008 3:25 pm    Post subject: Secondary Market Like 0 Dislike 0 Can my lender sell my loan to an investor at a steep discount? All payments were made on time and there is no reason to believe that I would not perform. Are there any regulations requiring banks to sell these mortgages at a certain rate?
smithsussane Joined: 18 Sep 2008 Posts: 10020 Location: Alaska 917.78 Dollars($)	Posted: Wed Dec 10, 2008 10:19 pm    Post subject: Like 0 Dislike 0 Hi JohnJohn! Welcome to forums! The lender can sell your loan to another lender, investor or a service agency. But as far as I know, the terms and rates of the loan are based on your note and will not change. Feel free to ask if you have further queries. Sussane

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