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    Aldrin Yasuo
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    The document discusses different types of mortgage markets and loans. It describes mortgages as long-term loans secured by real estate. It then lists the key characteristics of residential mortgages such as interest rates, loan terms, collateral, down payments and borrower qualification. Finally, it outlines various types of mortgage loans including conventional, insured, fixed-rate, adjustable-rate and other options.

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    The document discusses different types of mortgage markets and loans. It describes mortgages as long-term loans secured by real estate. It then lists the key characteristics of residential mortgages such as interest rates, loan terms, collateral, down payments and borrower qualification. Finally, it outlines various types of mortgage loans including conventional, insured, fixed-rate, adjustable-rate and other options.

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    6 views1 page

    Finmarrvw

    Uploaded by

    Aldrin Yasuo
    The document discusses different types of mortgage markets and loans. It describes mortgages as long-term loans secured by real estate. It then lists the key characteristics of residential mortgages such as interest rates, loan terms, collateral, down payments and borrower qualification. Finally, it outlines various types of mortgage loans including conventional, insured, fixed-rate, adjustable-rate and other options.

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    of 1

    CHAPTER 10

    Money markets – short term funds

    Capital Markets – long-term funds (bonds, equity)

    Mortgage markets – individual business and governments borrowers can obtain long term collaterized
    loans.

    Mortgages – are long term loan secured by real estate.

    CHARACTERISTICS OF THE RESIDENTIAL MORTGAGE

    A. MORTGAGE INTEREST RATE


    B. LOAN TERMS
    C. COLLATERAL
    D. DOWN PAYMENT
    E. PRIVATE MORTGAGE INSURANCE (PMI)
    F. BORROWER QUALIFICATION

    TYPES OF MORTGAGE LOANS

    A. CONVENTIONAL MORTGAGES
    B. INSURED MORTGAGES
    C. FIXED-RATE MORTGAGES
    D. ADJUSTABLE-RATE MORTGAGES
    E. GRADUATED-PAYMENT MORTGAGES (GPMs)
    F. GROWING EQUITY MORTGAGE (GEMs)
    G. SHARED APPRECIATION MORTGAGES (SAMs)
    H. EQUITY PARTICIPATING MORTGAGE (EPM)
    I. SECOND MORTGAGES
    J. REVERSE ANNUITY MORTGAGES (RAMs)
    K.

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