Home equity wholesale is a broad term, covering several aspects of home equity mortgage loans. However, normally, home equity wholesale would mean the wholesale amounts offered against the home equity. For example, for persons with very high credit scores of 720 or above, banks and other home loan lenders would be prepared to offer wholesale ...
Some mortgage bankers and portfolio lenders are also wholesale lenders that deal with mortgage brokers, sometimes exclusively. Most mortgage lenders have both wholesale and retail departments. Mortgage brokers prefer to obtain wholesale rates and then mark up these rates by adding points, presenting the borrowers with quotes that are similar to what borrowers could obtain ...
Every newbie investor hears that it is imperative to buy real estate “wholesale”, not retail. The problem is, most newbies don’t know what a wholesale deal is, and there are a number of operators out there scamming newer investors with what they are representing as “wholesale” deals. Consider this a public service announcement and something ...