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Updated about 5 years ago,

User Stats

50
Posts
25
Votes
Toan Hoang
25
Votes |
50
Posts

What is a portfolio loan/ lender?

Toan Hoang
Posted
To date all my loans have been conventional loans using a mortgage broker. I have heard this term (portfolio loan) on BP but not quite sure how it differs from other loan types. Is the interest rate the same? Qualifications similiar? Lastly does anyone know of these lenders in the Philly / S Jersey area? Any input is appreciated

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