A mortgage lender is a financing professional specializing in the entire loan: processing,underwriting,approving,funding ,closing and trading. They can originate, fund, and service loans without having to go to anyone else. Mortgage lenders work directly with investors and can also work directly with borrowers. Having the biggest part in the mortgage market, a mortgage lender stands as its main and most important player in mortgage market.
When it comes to ARMs there's a basic rule to remember...the longer you ask the lender to charge you a specific rate, the more expensive the loan.
Adjustable Rate Mortgages (ARM)
September 9, 2015
Mortgage lenders have control over a variety of aspects in the loan process. They lock the loan term and rate, verify the loan information, and draw t...
What do Mortgage Lenders do?
August 8, 1998
A credit score measures a consumer's credit risk relative to the rest of the U.S. population, based on the individual's credit usage history. The cred...