Lacourse Jannette
Bio Statement |
The primary distinction in between the 2 types of lenders such as 1) Mortgage Broker - they originate loans with the intent of selling them to wholesale loaning organizations; 2) Mortgage Lender - they are lending institutions that are big enough to originate loans plus plan pools of loans that they then sell to one of the big 3 financing institutions - Fannie Mae, Ginnie Mae, or Freddie Mac, and likewise jumbo loan financiers. The broker gets a lower rate from the lender and then the broker will add onto that rate his charge. An advantage of utilizing a mortgage broker is that some of the most extremely certified loan officers in the organisation work for mortgage brokers. |