Consider using a Wholesale Mortgage Banker for your mortgage this Spring. Why?
Wholesale Mortgage Bankers have access to two distinct sources of mortgage money:
- Secondary Market:
This source of capital comes from investors that invest in mortgage backed securities. Loans are originated then sold to Wall Street banks, bundled into mortgage backed securities and sold.
- Portfolio Lenders:
This source of capital comes from banks (mostly local savings and loans) that lend depositors money, and keep the loans in their portfolio. They do not sell them and therefore they are not tied to the rise and fall of FNMA rates.
For the full story: New Jersey Real Estate Wire.
To discuss the home you qualify for in Essex, Morris and Union Counties, New Jersey contact Perri K. Feldman at 973.650.4727.
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