Results for tag: "Residential Mortgage"

The Residential Mortgage market is a segment of the mortgage industry that focuses on providing mortgages for residential properties. These mortgages are typically used to purchase a home, refinance an existing mortgage, or to take out a home equity loan. Residential mortgages are typically offered by banks, credit unions, and other financial institutions. Mortgage products vary in terms of interest rates, repayment terms, and other features. Generally, the interest rate on a residential mortgage is determined by the borrower's credit score, the size of the loan, and the loan-to-value ratio. The repayment terms of a residential mortgage can range from a few years to several decades. In addition to traditional lenders, there are also a number of online lenders that offer residential mortgages. These lenders typically offer competitive rates and terms, and may be able to provide more flexible repayment options. Some companies in the Residential Mortgage market include Bank of America, Wells Fargo, Quicken Loans, and US Bank. Show Less Read more