Explore the Mortgage101 Library
Check Local Mortgage Rates
Loan Program Choices
Use our calculator to find out your estimated monthly payment in advance: Enter the loan amount, interest rate, and length of mortgage.
Try our Mortgage Payment Calculator
In many cases, loans that are issued by a lender are packaged together with other loans and sold in the secondary market. With a portfolio loan, the lender that initially wrote the loan is going to hang onto it and keep it as part of their investment portfolio.
If a lender keeps your loan as part of their portfolio, it can benefit you overall. Instead of having to work with a lender that is going to service your loan from another location, you will be able to keep your relationship with the lender that you originally worked with. By doing this, you will be able to contact them whenever you have a problem. Your customer service experience should improve.
Typically, those that have a good credit score and are considered to be a good credit risk are those that are considered to be eligible part of a portfolio. Lenders like to keep those that have a good credit history on hand because it lowers the amount of risk in the portfolio.
- What Lenders Don't Reveal About Home Equity Loans
- Low Down Payment Loan Qualification
- FHA Loans for a First-Time Home Buyer
- 3 Reasons Banks Reject Short Sales
- 3 Common Short Sale Mistakes
- What To Do When Mortgages Default
- Home Equity Loans for People with Bad Credit
- Alternatives to Getting a 2nd Mortgage
- 3 Warning Signs of Loan Modification Scams