I don’t know Wells’ or Wachovia’s guidelines on any given day, but I do know that a Correspondent Lender can check several lender’s guidelines quickly and find the best home for a qualified borrower.

If you are married to the idea of going to Wells or Wachovia, why don’t you just call them?

Mortgage loan is a term used for the loans secured by a property. Mortgage loans refer to a loan secured by residential property, often for the purpose of securing real estate. Mortgage loans are priced lower than other loan structures because the value of the property risk for the lender.

A fixed rate mortgage loan has its own benefit. If the borrower is budget conscious, he will remain at peace because the monthly mortgage amount will not change.Fixed rate mortgage loan is a loan where the interest rate remains the same through the term of the loan. Fixed rate mortgage loans are the most traditional form of loan.