Mortgage Apps To Know About
While a large percentage of lenders have been reluctant to introduce mobile apps for mortgage applications, a few start-ups have introduced apps to expedite processing.
What Happens When Your Loan Is Sold?
Once you close on the home, it’s common for your loan to be sold. Don’t worry, this doesn’t mean anything will change. Banks will often sell mortgages to other lenders to free up money. This can happen multiple times during the duration of your loan or not happen at all.