Archive for: November 26, 2006November 26, 2006 Mortgage Broker Company - What Is A Direct Lender?A direct lender funds their own loans. Direct loans can be offered by big lenders to smaller institutions. Banks and savings and loans have deposits that they can fund loans with. Though most times they will usually have warehouse lines of … Mortgage Broker Company - What Are Portfolio Lenders?Portfolio lenders are savings and loan institutions and sometimes banks. They usually originate loans (adjustable rate loans) for their own portfolio, not for resale in the secondary market. It can be easier to qualify for a portfolio loan then to qualify for … Mortgage Broker Company - Different Types of Mortgage Lenders and Their AdvantagesIs there a “best” lender? Probably and probably not. Everyone has a different opinion, your realtor used to recommend portfolio lenders, now they use mortgage bankers and mortgage brokers. A realtor will most likely steer you in the direction of a … |
