Where does the money come from for the loan?

Where does the money come from for the loan?

Here’s a good question we’re asked all the time: Where does the money come from for the loan?

And here’s the answer:

Mortgage lending operates under three distinct models: Mortgage Brokers, Mortgage Bankers and Retail Banks.

1. Mortgage Brokers are much like independent insurance agents — they have access to many different lenders and many different programs. They work through the “wholesale side” of the larger banks and therefore are able to secure better rates for their clients than they could get on their ...

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2012 Starts with a Bang!

2012 Starts with a Bang!

It is almost like someone turned on a light switch. While January and February are generally slow months for homebuyers, 2012 started off like a rocket. We have seen a dramatic rise in activity. And it isn’t just here in Atlanta, we are hearing the same thing from offices all over the country.

I thought maybe it had something to do with the un-seasonably warm weather but it feels bigger than that.

Consider the following thoughts and how they may be contributing:

1) ...

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