Apertura. Revista de innovación educativa‏

Cesar Cory

Resumen biográfico

The primary distinction in between the 2 types of loan providers such as 1) Mortgage Broker - they originate loans with the intent of offering them to wholesale financing institutions; 2) Mortgage Banker - they are loan providers that are huge enough to stem loans plus plan pools of loans that they then offer to one of the big 3 lending 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. A benefit of utilizing a mortgage broker is that some of the most highly certified loan officers in the business work for mortgage brokers.

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