Lenders are known to sell loans they hold to other secondary mortgage lenders in the market. The secondary lenders buy loans at a discount and that money is used by the original lender to provide more loans. There are many lenders who did not use selling this option for a long period, instead keeping the mortgage in their portfolio. However, when it comes to your mortgage, by now many mortgage Continue Reading about What to Expect If Your Home Loan Is Sold
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Home Loan Application Process
Most people require a loan to buy or build a new home. However, even with the common need for loans, many do not understand some basic aspects about loans, such as the fact that FHA, VA, and RD loans take weeks longer to process than conventional loans. Many people do not also know the process of applying for and obtaining a loan. Processing a Loan The mortgage loan process begins with an Continue Reading about Home Loan Application Process
How to Know Your Buying Power
Buying power or purchasing power means that amount of money a person has available to purchase securities. Buying power is the combination of total finances available in your account and how much your lender determines you can afford based on things like income and credit score. What Determines Buying Power? If you plan on purchasing a home with a mortgage, it is crucial to speak with a lender and Continue Reading about How to Know Your Buying Power
Ed Constable works hard to provide the best experience he can for buyers and sellers, simply because his goal is to be reliable, persistent, and passionate in all areas of life.