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How is mortgage lending different from a loan?
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Mortgage lending is a loan that is secured with a real estate or a personal property whereas a loan is a relation between a lender (creditor) and a borrower (debtor).
What are the different types of mortgage lenders?
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Mortgage bankers, wholesale, retail, correspondent, mortgage brokers, account executives, loan officer, portfolio, and direct mortgage lenders are the different types of mortgage lenders.
Why does loan require Lenders Mortgage Insurance and how can it benefit?
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Achieving the dream of homeownership is, for many people, one of the most exciting accomplishments in life. It can also be one of the most difficult challenges due to the length of time it takes most people to save the traditional 20% deposit and the sacrifices they make through the process.For over 50 years, Genworth and its predecessors have assi