WHAT KIND OF LENDER IS BEST? If you ask a loan officer, “What kind of lender is best?” the answer will be whatever kind of company he works for and he will give you a list of reasons why. If you meet the same loan officer years later, and he works for a different kind … Continue reading Advantages of Different Lenders

MORTGAGE BANKERS Mortgage Bankers are lenders that are large enough to originate loans and create pools of loans, which are then sold directly to Fannie Mae, Freddie Mac, Ginnie Mae, jumbo loan investors, and others. Any company that does this is considered to be a mortgage banker. Some companies don’t sell directly to those major … Continue reading Types of Mortgage Lenders

In the old days, when someone wanted a home loan, they walked downtown to the neighborhood bank. If the bank had extra funds lying around and considered you a good credit risk, they would lend you the money from their own funds. It doesn’t generally work like that anymore. Most of the money for home … Continue reading Where Does The Money Come From For Mortgage Loans