Fixed Rate Mortgage Refinance Loan YOSEMITE CA
Affordable payment can help you shop through a variety of lenders, banks, mortgage brokers and providing you custom rates without any of these banks, lenders, brokers. You do not have to give out your personal information to any of these brokers or lenders. Get qualified for the lowest mortgage and right program and excellent support from Affordable payment.
In this Article we shall focus on answering some common queries of Yosemite CA mortgage borrowers:
Mortgage bankers Vs Portfolio Lenders
What happens to your loan?
Mortgage banks close loans for mortgage borrowers and once closed these banks then sell the loan mostly to Fannie Mae or Freddie Mac. This is done so that the money spent on the mortgage is released to the banks so they can then fund additional mortgage to other borrowers. Some of the biggest name of the banks where you have your checking and savings account come in this category. These banks in addition to selling your mortgage also borrow money from other banks to lend you money on mortgage and then they have to repay the loan to banks from where they borrowed money.
Portfolio lenders are typically community banks, savings and loan companies who raise money through public deposits and when they do the mortgage for the borrower they retain the mortgage in their portfolios without selling.
Call Yosemite CA mortgage expert below to get you the lowest mortgage rate on your refinance.
For more information visit www.affordable-payment.com or call 323-705-3191 if you are a California Mortgage borrower.
30 yr fixed refi 3.807% APR 3.775%Rate | At 0 pts
20 yr fixed refi 3.500%APR 3.500% Rate | At 0 pts
15 yr fixed refi 3.044%APR 3.000% Rate | At 0 pts
10 yr fixed refi 2.940%APR 2.875% Rate | At 0 pts
Artical by Roger Shanker
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