Wholesale rate loans?

Thank you for your question. I would love to provide you with some guidance and assist you through th exciting process of purchasing a new home. "Wholesale" rate would be described in it's simplest form as the rates offer through a mortgage broker vs going directly to the lending bank. In theory (key word theory) the lending banks offer the customer directly one rate and offer the broker community a reduced rate. The reduction is rate is a result of what is concered a reduced cost to originate the loan, and the amount of large number of total loans provided via this channel. But things don't always work this way.....So at the end of the day what is important is thar your are getting the best loan to meet your unique borrowering profile, and personal goals. The best way to ensure this is to work with a professional whom can present you with many different loan options and lending programs, allowing you to compare all on a level playing field ("apples to apples"). I am absolutely able and willing to assist you in obtaining a pre-approval and answering any questions you have now and throughout the entire process. Please feel free to reach me at 949-478-FUND and you can visit my website at www.thinkjohnajr.com. Sincerely

P.S. Sorry for the typo's / spelling. On the cell phone in the car....

wholesale loan rates are rates provided to mortgage brokers to use in order to then add their profit margin ( normally called a loan origination fee ) to and then to quote to the consumer ....a borrower is not able to obtain a loan using the wholesale loan fees ( unless they find a loan officer thats OK making ) profit ........the wholesale rate sheets are much more confusing now than ever as there are normally several different models ( lender paid comp and borrower paid comp ) that are outlined ...plus there are alos tonds of footnotes about pricing add ons to consider .....fyi- best thing to do is to get a referal or two for a good local Loan officer and get soem quotes and also to get pre approved