Diverse content

  ‍ The Mortgage industry has been a two-front affair for decades. The vast majority of mortgage loan origination has taken place on the back end of the process, once a mortgage offer has been extended and funds have been advanced. These loans are often referred to as ‘sub-prime’ loans because of their high risk, but there is a demand for these mortgages in the mainstream market as well. Manufacturing restructuring, new construction and other cost-cutting measures are making homes more affordable. The adoption of digital technologies has also played a role in enabling lenders to reach further into their customers’ pockets with smaller down payment, lower monthly payments and faster approvals. What is a mortgage loan? A mortgage loan is a loan made to a homebuyer to help with their mortgage payments. There are a variety of types of mortgage loans, including fixed-rate mortgages, variable-rate mortgages and cash-out-early mortgages. Depending on the type of loan and the terms of the ...