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equity home refinancing corporation builds on the existing MISMO data standards, adding data elements and electronic signature capabilities to create an infrastructure for equity home refinancing electronic, or paperless, mortgages. The eMortgage infrastructure is built around the concept of a SMART Document and the SMART DOC Implementation Guide. Securitization is a momentous change in the way that mortgage bond markets function which has grown rapidly in the last 10 years as a result of the wider dissemination of technology in the mortgage lending world. For borrowers with superior equity home refinancing government loans and ideal profiles, this securitization keeps rates almost artificially low, since the pools of funds used to create new loans can be refreshed more quickly than in years past, allowing for more rapid outflow of capital from investors to borrowers without as many equity home refinancing business ties as the past. For example, in a refinance, if the new mortgage term is for 30 years and you paid $3,000 |
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