Banks have a lot of money … but they don't have enough money to provide all the funding for loans that they need in order to be profitable without the help of the larger secondary market. The secondary market is where the primary lender can
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Filed under: Charleston new homes, HUD 1, bank property, mortgage brokers, charleston real estate, charleston home sales, charleston market, mortgages, loans, FHA, VA, PMI
With all the talk in the media about defaults and foreclosures, it’s not a bad idea to have an understanding of how loans are issued and how banks are protected when they issue loans. I t is getting harder to get a loan – even for well qualified
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Filed under: Buyer Information, closing statement, HUD 1, bank property, lenders, mortgage brokers, charleston real estate, charleston mls, charleston home sales, charleston market, charleston homes for sale, mortgages, FHA, VA, PMI