Posted on: 16th Oct, 2013 02:29 am
Are portfolio lenders still available in the market? Is there any specific benefit to use them?
Hi Guest,
Portfolio lenders are still available in the market but the guidelines have become similar to that of confirming financing. At times, they can be flexible.
Take care
Portfolio lenders are still available in the market but the guidelines have become similar to that of confirming financing. At times, they can be flexible.
Take care
Welcome Guest,
At present, you may find very few portfolio lenders. Moreover, it is better to meet the all the required criteria and go for a normal traditional loan rather than going for portfolio loans.
At present, you may find very few portfolio lenders. Moreover, it is better to meet the all the required criteria and go for a normal traditional loan rather than going for portfolio loans.
Portfolios lenders still exist.
After 1981, there became fewer and fewer of them, but, they still exist.
Many of them have a mortgage product or two that Secondary Market Lenders do not do.
Many of them have products the same as or similar to Secondary Market Lenders.
It is stated above that it is better to go with a Secondary Market Lender. That is simply not true and is a statement that should not be made. It is best to shop around and find the rate and terms that meet your needs. That could be at a portfolio lender or a secondary market lender.
After 1981, there became fewer and fewer of them, but, they still exist.
Many of them have a mortgage product or two that Secondary Market Lenders do not do.
Many of them have products the same as or similar to Secondary Market Lenders.
It is stated above that it is better to go with a Secondary Market Lender. That is simply not true and is a statement that should not be made. It is best to shop around and find the rate and terms that meet your needs. That could be at a portfolio lender or a secondary market lender.