Please enable JavaScript.
Coggle requires JavaScript to display documents.
The Aspects of the Mortgage Markets Industry (Options that influence a …
The Aspects of the Mortgage Markets Industry
The primary mortgage market
mortgage brokers
mortgage bankers
credit unions
banks
The secondary mortgage market
mortgage originators
mortgage aggregators
investors
A mortgage is a long-term loan secured by real
estate
As a result of the competition for mortgage loans,
borrowers can choose from a variety of terms and
options such as:
mortgage interest rates
loan terms
mortgage loan amortization
Qualifying a borrower is
rather complex and
constantly changing
procedure. Factors that
influence it are:
loan payment
taxes
insurance other debt obligations
gross monthly income
Options that influence a
loan term are the
following:
Collateral
No one can buy the property and obtain clear title to it
without paying off this lien
A down payment on the property
Purchasing private mortgage insurance (PMI)
Borrower qualification