Nagkaron na tayo previous dicussion dito so i guess

Everybody knows mortgage already. Familiar na kayo sa topic since lam neo sa fs un mortgage payable.

Mortgage longterm secured loan siya usually 5 to 10yrs. Usually kung san mo ggamitin un pera unna din
un collateral say magppgawa ka ng bldg mo ung bldg ang security ng bank na uutangan mo.

Naging attractive ang mortgage kasi makkapagpundar ka ng mga assets mo in installment basis long
term. Example bahay payable 20 yrs. Sa borrower side, mas ease nakikita nila un magaan na payment
kahit matagal siya. Sa investors nakikita nmn nila un long term investment, kung 20 yrs bbyaran 20 yrs
may kita sila sa form ng interest.

Interest rates ay based sa demand and supply, basic economics. Usually economic factors ang reason sa
increase decrease ng interest rates nito, higher siya ng konti sa treasury bills, minsan halos pumaparehas
lang din. Another, mas mahaba amg time ng pagbabayad mas mataas ang interest rates, Mortgage
points or discount points, are fees paid directly sa lender upon closing ng agreement, gngawa ito in
exchange para sa reduced interest rate. Also knonw as“buying down the rate,” which can lower your
monthly mortgage payments. Mas mtaas payment points mas mababa un interest rates.

Loan terms means contract legality lahat documented dpat to protect both parties

Collateral serves as your pledge sa inutang mo

Down payment to cover posible default sa borrower. Usually ang nngyayari example sa pagppgwa ng
bldg need muna to construct 50% ng bldg bago irelease ng bank ang 50% ng loan. This gives the
assurance also na my capacity ang nagloloan. Sa pag ibig nmn un title ng lupa ang collateral mo, discount
pts ang need mo bayaran sa start.

There are also cases na pinapasok ang contract sa isang insurance or kadalasan nakarequired na sa
contract ni borrower lender na need iinsured ni borrower un loan nea, this is to covee again posible
default ni borrower, in case sa failure insurance will pay.

Borrower qualification syempre un 5cs ng credit, character capacity collateral condition capital, may
investigation namna gngawa to check un qualification ni borrower.
Later na un sa computation po. Any question so far?

Types of mortgage loan

Conventional - nde guaranteed ng govt, usually from banks or any other lenders, example un mga ngrent
to own na private companies like camella

Insured - FHA or federal housing loans sila ay givt backed mortgages designed para sa low-to-moderate-
income borrowers na posibleng may mababang credit rating din kaya nde sila makautang ng malakihan,
lower minimum down payments minsan wala pa. Example un mga pinapahulugan n pabahay ng govt

Fixed rate - based sa contract fixed interest rates sa whole duration, advantage nde magbabago un
bbyaran mo, disadvantage pag fixed interst rates kahit bumababa un sa market rates un pa din bbyaran
mo

Adjustable - from the word itself, nagbbago siya, usually pag nagchange T bills change din sya. pag
mababa favor sa borrower pag mataas favor sa lender

Graduated - a mortgage na may low initial monthly payments na unti unti ng increase habang tumatagal
panahon, pataas ng pataas ang bbyaran mo, un concept is un idea na un sweldo ng tao ay tumataas kaya
binase dun un pagtaas ng installment na bbyaran

Growing equity - para siyang fixed rate mortgage at conventional kung san un monthly payments same
lang pero mg iincrease sa period ng time based sa sinet na schedule ng contract. No changes in interest
rates

Shared appreciation babaan ang interest rate with the agreement na mkikishared ang lender sa
appreciated value ng asset. When the borrower sells the house, the proceeds from the sale are used to
pay off the mortgage if there is still a balance owed to the bank.
Equity participating - my investor na pde mgprovide ng payment sa mortgage bayaran nea lahat ng loan
agad or monthly pa din, in return may share siya pag binenta un property, usually nangyayari ito sa mga
commercial property

Second mortgages - sa mortgage my tinatawag na senior lien at junior lien, 2nd mortage ay junior lien,
meaning ung collateral na tinanggap nea ay nakacollateral n din sa iba, once na nde makabayad un
borrower, un security ang pde iliquidate, una bbayaran ang senior lien at pag nsatisfy na ito saka palang
bbyaran ang 2nd mortgage.. bago k pumayag sa gnitong case dont forget to assess the assets and know
the amount na naloan na using the same collateral

Reverse - bgyan ng advance ang borrower para sa expenses nea, in short mgppautang siya sa borrower
ang security un collateral nea, pde nea ipagawa un ng bahay nea. Sa ibang bansa ito ay Type of home
mortgage under which an elderly homeowner is allowed a long-term loan in the form of monthly
payments against his or her paid-off equity as collateral, repayable when the home is eventually sold.
Disadvantage nito sa heirs nea.

Hope naintindihan po.

Growing equity loans almost similar sa graduated payment loans, kasi halos follow nea un same
structure, ang difference nila, Instead of paying more per month and building equity, a graduated
payment loan sees the borrower pay less than the required monthly amount.

Sa mortgage ksi example bgla nagkaron ka ng pera ngaun na malaki lets say malaki un 13th month mo or
nakareceived k malaki pera meaning malaki equity mo pde mo ibigay lahat un ibayad mo lhat un pra
bumababa un sunod mo na payment

Mortgage lending institutions

Showing the list of the companies na nagpoprovide ng mortgage. Some doesnt want to hold kasi long
term siya so mas riskier, nde din siya mdali iliquidate if ever

Securitization the process of turning assets into securities. An asset that takes longer to convert to cash,
will sell for a price lower than market value.
Banks may securitize debt for several reasons including risk management, balance sheet issues, greater
leverage of capital and to profit from origination fees. Securitization offers opportunities for investors
and frees up capital for originators, both of which promote liquidity in the marketplace.

From the perspective of investors, one of the chief advantages of mortgage securitization is that it
spreads the risk of a decline in loan value among a far larger number of people. Sa halip na single lender
magtake risk sa mortgages, the risk is transferred to a wider pool of investors. Investors can choose
between safer securities, which usually generate lower rates of interest, and riskier mortgages, which
generally command higher rates.

Applicable usually ito sa mga commercial places pde nila un benta divide title kung duplex nmn siya n
bahay pde din.

Madami kasi instances ng default payment ang mortgage loans, kahit pa qualified un borrower my
nngyayari na circumstances na ng lilead para nde ito mapagpatuloy nag mortgage nea thus un lender
need to do something to cover un knyang investments.