Actual - Real Estate

Many homeowners choose to refinance their mortgages with a bank as a matter of convenience.

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

While it’s true that banks are convenient, they’re not going to give you the best deal.

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

ere are several reasons why you should steer clear of your bank when refinancing your mortg

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

ge.

The first problem with refinancing with your bank, and it’s a big one, is that banks a

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

e exempt from the Real Estate Settlement Procedures Act that requires mortgage lenders to d

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

sclose their fees and profit margins. The banking lobby spent millions of dollars to have

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

the law changed and banks routinely take advantage of homeowners using this loophole.

The

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

econd problem with refinancing with your bank comes from the way banks mark up their mortga

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

e rates. Banks sell their loans to investors on the secondary market for a profit. Mortgag

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

loans with higher than market interest rates bring premium profits for the bank. Your ban

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

knows the wholesale mortgage rate you would qualify for; however, they mark your rate up t

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

o boost their profits. This markup by the bank is called Service Release Premium and if you

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

accept a mortgage that includes it you’ll overpay thousands of dollars for new mortgage.

S

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

rvice Release Premium is like Yield Spread Premium except for one important difference. Re

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

ular mortgage companies are required to disclose their markup, known as Yield Spread Premiu

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

by the Real Estate Settlement Procedures Act. Banks as you already know are exempt from t

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

is law and are not required to disclose Service Release Premium or their profit margins on

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

our loan. The only one who knows how much they are overcharging you is the bank. Why woul

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

even consider refinancing with someone who doesn’t have to play by the rules?

You can lea

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

n more about refinancing while avoiding costly mistakes with a free mortgage video tutorial

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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