Types Of Mortgage Lenders

Mortgage Bankers are lenders that are large enough to originate loans and create pools of loans, which are then sold directly to any company that does this is considered to be a mortgage banker.

Adjustable Rate Mortgages – The Basics

An adjustable rate mortgage (ARM) has an interest rate that fluctuates periodically. This is in contrast to a fixed rate mortgage, which always has the same interest rate.