

| interest rate) "mortgage-backed bonds" to investors gmac home mortgage as MBS or Mortgage Backed Securities.Refinancing refers to applying for a secured loan intended to replace an existing loan secured by the same assets. The most common consumer refinancing is for a home mortgage.A quitclaim deed is a term used in property law to describe a document by which a person disclaims any interest the grantor might have in a piece of real property, gmac home mortgage passes that claim to another person (the grantee). Unlike a typical deed, a quitclaim deed neither warrants nor professes that the grantor's claim was actually valid. While a grant deed is normally used for all real estate sales and transfers, quitclaim deeds are sometimes used for transfers between family members, gifts, gmac home mortgage other special or unusual circumstances. Quitclaim |
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