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What is a wholesale mortgage?
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4th Dec 2009 by JonB
Wholesale lenders are only accessible to mortgage professionals like mortgage brokers. Just like in a super market, whole sale loans are generally cheaper. The broker sometimes makes money off of selling a cheaper loan at a higher rate, just like a grocery store does with a can of corn. Retail mortgages are the ones you are offered when you walk into your bank or the retail side of a financial company.
Wholesale lenders are only accessible to mortgage professionals like mortgage brokers. Just like in a super market, whole sale loans are generally cheaper. The broker sometimes makes money off of selling a cheaper loan at a higher rate, just like a grocery store does with a can of corn. Retail mortgages are the ones you are offered when you walk into your bank or the retail side of a financial company.
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3rd Nov 2009 In Mortgage
1 Answers | 110 Views
Subjects: mortgage,
wholesale mortgage,