Brumbaugh Esperanza
Resumen biográfico |
The main difference in between the two types of loan providers such as 1) Mortgage Broker - they stem loans with the intent of selling them to wholesale loaning institutions; 2) Mortgage Banker - they are loan providers that are big enough to originate loans plus bundle swimming pools of loans that they then sell to one of the big three loaning organizations - Fannie Mae, Ginnie Mae, or Freddie Mac, and also jumbo loan financiers. The broker gets a lower rate from the lender and then the broker will add onto that rate his cost. An advantage of using a mortgage broker is that some of the most extremely qualified loan officers in the company work for mortgage brokers. |