The Best Portfolio Loan Companies
The need for portfolio loans is becoming more and more common. Here are some questions you should be asking before signing up for a portfolio loan, as well as a list of companies that offer them. What is a Portfolio Loan? A portfolio loan is a type of mortgage loan that is not sold to Fannie Mae or Freddie Mac, meaning that the loan terms are not standardized. Instead, each lender can set its own terms for a portfolio loan. This means that you may be able to get a better deal on a portfolio loan than on a conventional mortgage loan. Portfolio loans are typically used by people who are self-employed or have income from sources other than a regular job. They can also be used by people who have bad credit or who want to buy a property that does not meet the standards for a conventional mortgage loan. If you are thinking about getting a portfolio loan, it is important to shop around and compare offers from different lenders. Be sure to ask about the interest rate, fees, and other ter...