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Mortgage Rates Comparison

Mortgage Lowest Rate is one of the best mortgage services provider in Canada. We give home purchase, refinance, home equity, renewal, mortgage life insurance and other services. For more information visit our site today.<br>

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Mortgage Rates Comparison

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  1. Mortgage Markets Mortgage Lowest Rate

  2. Mortgage • Mortgage A pledge of property to secure payment of a debt. • Mortgagor: Borrower • Mortgagee: Lender

  3. II. Primary Mortgage Market • Mortgage Origination • Mortgage Originators • Savings and Loans • Savings Banks • Commercial Banks • Credit Unions • Mortgage Banks • Life Insurance Companies • Pension Funds

  4. Mortgage Payment Calculator • Origination Process • Application • Criteria • Payment-to-Income Ratio (PTI) The ratio of monthly payment to monthly income. • Loan-to-Value Ratio (LTV) The ratio of the amount of the loan to the market (or appraised) value of the property. • Credit Scoring • Commitment Letter to the Applicant

  5. III. Secondary Mortgage Market • Conduits • Federally Sponsored Agencies Federal Home Loan Mortgage Corporation Federal National Mortgage Association • Private Institutions Residential Funding Corporation GE Capital Mortgage Services Countrywide Prudential Home Mortgage

  6. IV. Mortgage-Backed Securities • Mortgage-Backed Bonds • FNMA • Freddie Mac • Pass-Throughs: Government guaranteed mortgages • GNMA • Privately Issued Pass-Throughs (PIPs)

  7. Participation Certificates (PCs): Conventional mortgages pooled by Freddie Mac • Collateralized Mortgage Obligations (CMOs)

  8. Contact Number 1 800 929 0625 • Properties • Residential Properties • Single-Family Structures • Multifamily Structures • Nonsidential Properties • Commercial • Farm

  9. Thank You

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