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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.\n

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mortgage markets

Mortgage Markets

Mortgage Lowest Rate

mortgage
Mortgage
  • Mortgage

A pledge of property to secure payment of a debt.

  • Mortgagor: Borrower
  • Mortgagee: Lender
ii primary mortgage market
II. Primary Mortgage Market
  • Mortgage Origination
    • Mortgage Originators
      • Savings and Loans
      • Savings Banks
      • Commercial Banks
      • Credit Unions
      • Mortgage Banks
      • Life Insurance Companies
      • Pension Funds
mortgage payment calculator
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
iii secondary mortgage market
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

iv mortgage backed securities
IV. Mortgage-Backed Securities
  • Mortgage-Backed Bonds
    • FNMA
    • Freddie Mac
  • Pass-Throughs: Government guaranteed mortgages
    • GNMA
    • Privately Issued Pass-Throughs (PIPs)
slide7
Participation Certificates (PCs): Conventional mortgages pooled by Freddie Mac
  • Collateralized Mortgage Obligations (CMOs)
contact number 1 800 929 0625
Contact Number 1 800 929 0625
  • Properties
    • Residential Properties
      • Single-Family Structures
      • Multifamily Structures
    • Nonsidential Properties
      • Commercial
      • Farm
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