Mortgage Refinancing: Understanding Mortgage Market Basics

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Mortgage Refinancing: Understanding Mortgage Market Basics
(presented by www.refinance-refinance.net - mortgage lenders)

By Louie Latour

If you are a homeowner in the process of refinancing your mortgage, doing your homework will save you thousands of dollars. Before you can make sense of mortgage offers and determine which offer is a better loan, it helps to understand how mortgage lenders operate. Here are the basics of mortgage markets and the different types of lenders you will encounter refinancing your mortgage.

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There are two basic markets in the mortgage industry. The first is the Primary Market, where the borrower obtains their mortgage from the loan originator. The Secondary Mortgage Market is where lenders buy and sell debts that are pooled and insured. How does this affect you, the homeowner? The value of your mortgage on the secondary market is determined by how much the loan

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This entry was posted on Tuesday, October 31st, 2006 at 3:24 am and is filed under Refinance. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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