Mortgages, loans, financial matters

Profit is made when the loan moves from retail to wholesale.  The mark-up or profit on a loan originated by a broker is made when the loan closes.  This extra amount is on the settlement sheet and paid directly to the broker. The mark-up/profit on a loan originated by a bank is made when the [...]

There are ways to minimize the higher interest rates of jumbo loans. Unfortunately, most lenders prefer to keep this a profitable secret. Obviously, the buyer can always make a larger down payment so that the loan amount finally required fits within the conforming limit. Depending on the sales price of the home, however, this can [...]