Draper, UT -- (SBWIRE) -- 10/21/2013 -- A type of mortgage that is designed for relocating/transferring employees. Corporations sometime make special mortgages available for relocating employees in an effort to make the moving process easier and more economical. Oftentimes, there are bonuses for the employee, such as the company paying the closing costs. Some mortgage companies specialize in offering relo-mortgages. Historical data shows that employees who relocate for their jobs are likely to relocate repeatedly at predictable time intervals; therefore, relo mortgages have more predictable prepayment characteristics than non-relo mortgages. Because the prepayment characteristics of any mortgage-backed security (MBS) are very important to its valuation by traders, the more predictable prepayment characteristics of MBSs backed by relo mortgages allow relo MBSs to trade at a premium relative to other MBSs. (weather.com/weather/today/USUT0225)
Corcoran Sunshine Marketing Group is the recognized leader in the planning, design, marketing and sale of luxury residential development. The company is proud to be the leader in value creation for the world’s most prestigious luxury residential developers. They offer an impressive array of new residential development for the discerning home buyer and a broad spectrum of services for residential developers. With over 25 years of experience in marketing and collective sales in excess of $30 billion, the company offers unparalleled marketing expertise with the additional benefit of The Corcoran Group and its international affiliates’ powerful distribution network.
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