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Provides full fixed rate loan securitization techniques

Good long 5/2001 the service is started is the SOFTBANK Group dealing with rare in the private sector fully fixed interest rate loan mortgage professional company. Called securitization in the workings of the loan (the right to repay the principal and interest) loans mortgage company debited form of securities, sale to institutional investors. So can distribute to multiple investors market interest rate fluctuation risk, is to allow full fixed rate interest rate unchanged from the beginning until the end.

It is as well of the new mortgage housing loan attempts this securitization techniques from October this year. Become Corporation bought the mortgage loans of financial institutions in the system of the Corporation, the securitization of Shinsei Bank responsible securitization if good long works. Just because the principal charge of the securitization is different is good long also used system of Corporation in the future to securitization may be, get the and of.

Simplified Internet use in procedures

Also take advantage of the Internet has simplified the procedures is characteristic of the company. When renting a consultation or application in the Internet, telephone, you can. Only when the loan contract is required to visit. Also repay the borrowed after raising once a month from n/a yen and, if you use the Internet fee is free (short duration). Are rules contrary to procedures for the repayment of the advance by phone or visit the Commission charges.

Loan fees are expensive in the cost of renting somewhat, the guarantee fee is free. Group credit life insurance rates is piggybacked the 0.3% rate and pay monthly. Higher loan fees would need to ensure revenue by fees interest income portion of the securities transfer Shinsei Bank or investment House,. In the 30 years the sum of expenses and repayments of total burden by the level of interest rates Corporation would be lower than it is in some cases.

favoring 0.1% interest rate for second-hand houses

Had limited lending area metropolitan and Kansai metropolitan area ever in the company, from April this year across the country have set up a system to be organised anywhere ( ) . We also usually 0.1% interest rate higher than newly built owned if, borrowed at interest rates as new construction until the 9/30 campaign. Lending area excluding remote islands, Okinawa

Refinance application increasing in rising interest rates

Company loan results trend, outstanding loans exceeded ¥ 12 billion 3/2003 at the end of. Amount of new application and the pace of the 40 billion-50 billion yen a year recently, is a regional bank midsize class’s level. Handling through a partnership with real estate companies in the entire 3% less, about 7% of the case directly applies to individuals. Single-family loans have increased in the extended area in the country, besides interest rate rise is a somewhat recent refinance loan application even is growing in.

The expected rise in interest rates downward, fully fixed interest, such as the company’s loan. Often, however, so far, has if you refinance the loan amount and 80% of the appraised collateral value in the company, cannot Refinance in the home drops case did. Introduced a rule if it meets certain conditions then review the judging criteria from July, late payment not more than five years past, such as loan collateral valuation up to 150%. Also introduced rules down payment at time of purchase is within 80% of the appraised collateral value refinance at more than 2% to loan the repayment history even minimum 1 day along. Incidentally rather loans run-time in the company, to confirm the interest rate when the loan contract is not building sign the mortgage still unfinished, and about one month determinable interest points such as VZ also will be benefits upon the interest rates rising.

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