Archive for: November 17, 2006

Press Release I found about a UK company.  Here is an excerpt:

The products they will be able to offer you are fast secured loans, bad credit secured loans, adverse credit secured loans and self cert secured loans. Their loan service …

Mortgage brokers originate loans with the intention of brokering them to wholesale lending institutions.

A mortgage broker will have established relationships with wholesale lending institutions. 

Sharon

Ok, what is a wholesale lender. 

They offer loans to mortgage brokers at a lower cost then a retail branch offers to the general public.  The mortgage broker than adds their fee. 

The result?  The loan cost is about …