What Is A Portfolio Loan And What Are Its Benefits?
What Is A Portfolio Loan And What Are Its Benefits?
Abstract
Portfolio loan is generally a mortgage loan originated that is not being sold in the secondary market. The lender holds the mortgage and keeps it under its portfolio, hence the name portfolio mortgage loan. Portfolio loans are often not advertised - they are a means as an advantage that lenders use to gain a lot of business and reward good customers. One of the best ways to increase your chances is to use a local bank or lender for your savings, checking, retirement, and business accounts. The best way to use the bank and other local lenders is to ask your bank and bank branch branch managers and put an effort to build a strong relationship.