Korn Brooke
| Bio Statement |
The main distinction between the two types of loan providers such as 1) Mortgage Broker - they stem loans with the intent of offering them to wholesale loaning organizations; 2) Mortgage Lender - they are lenders that are huge enough to originate loans plus bundle swimming pools of loans that they then sell to one of the huge three financing organizations - Fannie Mae, Ginnie Mae, or Freddie Mac, and likewise jumbo loan investors. The broker gets a lower rate from the lender and then the broker will include onto that rate his cost. A benefit of using a mortgage broker is that some of the most highly certified loan officers in the organisation work for mortgage brokers. |
