Because home loans and mortgage bonds play such an important part in your work as a Property Practitioner, you need to understand what they are and how they work. A mortgage bond is a LEGAL DOCUMENT in which: The LENDER (e.g., the financial institution) agrees to lend the BORROWER (your purchaser) money to buy the property, and The BORROWER pledges the property as security for the loan. Should...
mortgage bond
It is no secret that a professional bond originator can secure you a better deal than dealing directly with lenders. Bond originators or mortgage brokers act as intermediaries who source mortgage bonds on behalf of individuals or businesses. These services are absolutely free to clients. Traditionally, banks and other lending institutions have distributed their own products. However, as the market...