Houston Mortgage Lenders

When the time comes for you to apply for a mortgage, you should know that there are several types of funding sources from which you might choose. The most common types of mortgage lenders include mortgage bankers, brokers, and credit unions. Loans may also be obtained from savings and loan associations, and seller financing is also possible.

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Houston mortgage bankers are lenders who handle everything from locating loan money and underwriting mortgages to selling loans to secondary markets. In some cases, mortgage bankers handle jobs like servicing loans and collecting payments. They may also offer borrowers monthly statements and handle collections when borrowers fall behind.

Understand Your Options: Houston Mortgage Lenders

Houston mortgage brokers are a little different, as they don't take on the job of underwriting mortgages. Instead, mortgage brokers concentrate on connecting lenders with borrowers. Mortgage brokers earn commissions when they are able to match borrowers with lenders successfully. As they typically maintain an extensive network of lenders, they are usually able to help borrowers secure competitive rates.

Savings and loan associations are considered the largest of the traditional mortgage lenders. Basically, these organizations handle savings accounts and offer mortgages to suitable applicants. Credit unions also offer mortgages, processing loans and selling them to the secondary market. Sorting through all the available Houston mortgage lenders can be a difficult task. However, it needn't be a chore. Get the best rates and superior service by calling us at Southern Lending Corporation at 1-866-614-2700 ext. 100. Reach us via e-mail at info@southernlendingcorp.com.