Company News
The Basics of the Secondary Market
Thursday, November 29, 2018
Often times borrowers wonder about the basics of the “secondary” mortgage market.  But what are they, and why do lenders “sell” them loans?   Mortgages, and specifically liens, are substantial sums of money that are tied up for up to 30 years.   While depository institutions, which are chartered by both the Federal and State governments, have the...
What are the Benefits of Working With a Small-to-Midsize Lender?
Tuesday, October 30, 2018
Many borrowers tell their loan officers that they prefer obtaining their mortgage through a smaller shop rather than a huge national bank. That is an interesting phenomenon – what is happening out there? After all, aren’t the rates and prices all the same?   It turns out, the answer is “no.” For smaller lenders, size is critical. They are more nimble. Midsized firms,...
Down Payments Are Still Very Important
Thursday, September 27, 2018
For a lender, down payments represent “skin in the game” since the more money a borrower can put toward a house the more the buyer will lose if they stop making payments. For many borrowers, attempting to put as little down toward the purchase of a house is standard, as they would rather have more money left over for furnishings, landscaping, and so on.     FHA...