Secondary Mortgage Market

Guest 0.10 Dollars($)

I am the personal representative of an estate that holds a first mortgage as an asset. Does your company buy such mortgages?

Sam · Posted: Sun Nov 27, 2005 8:37 pm Post subject: RE

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

Guest 0.10 Dollars($)

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 · Posted: Mon Feb 06, 2006 4:11 pm Post subject:

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

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