Types of mortgage lenders · Mortgage bankers: These lenders package and fund loans with their own funds or borrow money from other lenders to originate loans. If you have a few credit goofs on your credit report, your local lender might be more understanding than a large bank. They might be more willing to work with. Is Hawaii-based contacts for real estate needs are better than a nationally based contact for things such as lending? Key Takeaways · Personalized Service Unmatched by National Banks · Local Market Insights for Better Loan Decisions · Streamlined Processes for Faster Loan Approval. National lenders are going to have a set of criteria that you have to meet. There will be less flexibility in the loan requirements, even if they aren't.
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