WHAT IS THE ADVANTAGE OF USING BROKERS FOR MY HOME LOANS?

Mortgage bankers and brokers sell your loan to an investor and use the proceeds to make new loans. Mortgage brokers make their money by selling loans to institutional investors in the secondary market. Because mortgage brokers usually deal directly with investors they can provide competitive rates.

MORTGAGE Q&As

What is a Loan that Originated in a Portfolio?
What is a Secondary Market?
What Kind of Documents are Required for a Loan?
What is a Credit Check and Who Performs Them?
What Does a Lender Have to Disclosure to You by Law?
What is PITI?
Why Do I Need Private Mortgage Insurance (PMI)?
Where Do I Get Private Mortgage Insurance (PMI)?
What is an Interest-Only Loan?
What are the Limits Allowed for FHA Loans?
What is Selling Financing?
What are the Primary Institutions of Money and Mortgages?
What is the Advantage of Using Brokers for My Home Loans?


	Type of Loan Mortgage Refinance Home Equity Loan or Line Debt Consolidation New Home Loan In what state is the property in question located? What is the property type?