can a lender sell my mortgage?

Absolutely. One of the provisions in the loan documents is the right of the originator (or any subsequent holder of the note to sell it. Unfortunately, the borrower has no say in if, when, to whom or how often the loan is sold. The reality is most loans are only sold once or twice and the borrower never knows it is happening. What we receive is the notice that the 'Servicing' of the loan is transferring from one servicer to another. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in Arizona (AZLO0911876 / AZBK0902429), Washington (WALO40586 / WACL3087) and California (CADOC40586 / CAFLL6036566). We are licensed by the CA-DBO under the CFLL and CRMLA. Loans made or arranged pursuant to CFLL or CRMLA license. ~ www.LoansA2z.com ~ 888-889-9950

Bert is 100% correct, ALL lenders have the right to sell the mortgage - both the note and the servicing. Even those that do not normally do so, still have the right to if they wish.

Yes, and it's likely to happen, and there is nothing you can do about it.. Understand that when they do, the terms you agreed to cannot change. So they cannot change your payment or raise your interest rate etc.. the terms are locked in for the life of the loan regardless of who owns it or is servicing it.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Sure, loans are a commodity, and can be bought and sold on the secondary market by the lender if they so choose. It is a very common practice, and absolutely nothing to be worried about. While who you make your payment to could potentially change in the future, nothing else about the loan can change.