It can be somewhat surprising, especially for those who have just purchased their very first home, to discover the mortgage they recently got has been sold by their lender to someone else. The mortgage industry refers to this as a “goodbye letter” which, required by regulation, informs the borrowers their loan was sold and when […]
Real estate and the finance industry in general have key players throughout various segments which all play an important part. In the mortgage industry, that is especially so. But there are two key components that play an especially important part that many are not aware of. Mortgage brokers and secondary markets. Let’s take a closer […]
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