Heather and Joe want the lowest interest rate for their residential mortgage. which financial institution is designed to offer low interest rates on residential mortgages?

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Dagronlund · Answer 1 · 2019-10-01T20:37:44+0000

The answer is Nonbank Financial institutions – Savings and Loans association or better known as S&Ls.

S&Ls focus strongly on residential mortgages. By law, they need to invest 65% of their assets or more in residential mortgages. Savings and Loan associations resembles banks or credit unions in many aspects, but is always for profit.

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Heather and Joe want the lowest interest rate for their residential mortgage. which financial institution is designed to offer low interest rates on residential mortgages?

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