| lower interest rate) "mortgage-backed bonds" to investors known 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 fha loan application 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, and passes that claim to another person (the grantee). Unlike a typical fha loan application 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 fha loan application and transfers, quitclaim deeds are sometimes used for transfers between family members, gifts, and other special or unusual circumstances. Quitclaim deeds are also |
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