Sandridge Keith
| Resumen biográfico |
The primary difference between the two types of lending institutions such as 1) Mortgage Broker - they stem loans with the intent of offering them to wholesale financing institutions; 2) Mortgage Banker - they are lenders that are huge enough to originate loans plus plan pools of loans that they then sell to one of the big three loaning organizations - Fannie Mae, Ginnie Mae, or Freddie Mac, and likewise jumbo loan financiers. The broker gets a lower rate from the loan provider and then the broker will add onto that rate his cost. An advantage of utilizing a mortgage broker is that some of the most extremely certified loan officers in the company work for mortgage brokers. |