Lenders of mortgages are essential in the home-buying process. Here are some of them:
Independent mortgage lenders – are intermediaries that can look for the loans and conditions that best suit your requirements.
Direct lenders – they either utilize their own money or borrow it from another source.
Online-only mortgage lenders – are financial firms that exclusively offer one particular product.
Wholesale Lenders – Banks and other institutions known as “wholesale lenders” provide loans through intermediaries like credit unions, mortgage brokers, other banks, etc. rather than directly to consumers.
Retail Lenders – Retail lenders provide mortgages straight to particular customers, which is precisely what their name implies.