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jecob@juno.com
Guest
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 Posted: Sun Nov 27, 2005 10:23 am Post subject: Selling an existing mortgage |
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| I am the personal representative of an estate that holds a first mortgage as an asset. Does your company buy such mortgages? |
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 Sam
Site Admin
Joined: 21 May 2005
Posts: 280
Location: CALIFORNIA
116.93 Dollars($)
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| Posted: Sun Nov 27, 2005 8:37 pm Post subject: RE |
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Hi, Jecob
We do deal in these type of mortgages, though we have some criteria for it.
Get registered with us at www.mortgagefit.com/signup/ Once you get registered with us, our representative will follow you up for carrying out the further proceedings.
Sam
Administrator |
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kym
Guest
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| Posted: Mon Feb 06, 2006 3:48 pm Post subject: selling a mortgage |
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Do you have to be a certified lender to loan someone a morgage and if so, can the loan be sold in the secondary market?
What are guarantee fees? |
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Samantha
Community Mentor
Joined: 16 Sep 2005
Posts: 1597
Location: MASSACHUSETTS
148.36 Dollars($)
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| Posted: Mon Feb 06, 2006 4:11 pm Post subject: |
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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 |
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JohnJohn
Guest
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| Posted: Tue Dec 09, 2008 3:25 pm Post subject: Secondary Market |
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| 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? |
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smithsussane
Joined: 18 Sep 2008
Posts: 3627
Location: Alaska
541.91 Dollars($)
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| Posted: Wed Dec 10, 2008 10:19 pm Post subject: |
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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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