Interest rates can be high in Australia what it come to mortgage loans. However, it is normal for home purchases to be funded by a mortgage loan. Few individuals have enough savings or liquid funds to enable them to purchase without loan. In countries where the demand for home ownership is highest, strong markets for mortgages exists. Mortgages can either be funded through the banking sector, or through the capital markets through a process called “securitization” which converts pools of mortgages into fungible bonds that can be sold to investors in small denominations.
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