what is a mortgage loan originator

what is a mortgage loan originator and tips

A mortgage loan originator is a professional who helps borrowers obtain mortgages. Here are some tips for finding a good mortgage loan originator: 1. Ask friends and family for recommendations. 2. Check with the Better Business Bureau to see if any complaints have been filed against the originator. 3. Ask the originator for a list…

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what is a nonconforming loan

what is a nonconforming loan and their uses

The main difference between a conforming and a nonconforming loan is the loan’s size. A conforming loan is a conventional loan that falls within the GSE guidelines. A nonconforming loan is a loan that doesn’t meet the guidelines. 1) What is a nonconforming loan? A nonconforming loan is a loan that doesn’t meet the guidelines…

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what is a fannie mae loan

what is a fannie mae loan and its types

Fannie Mae is a government-sponsored enterprise that creates and invests in mortgage loans. Its loan are either securitized and sold to investors, or held in its own portfolio. Fannie Mae offers several different loan programs, including the HomeReady┬« program, which is designed for low- and moderate-income borrowers. 1. What is a Fannie Mae Loan? Fannie…

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