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Understanding Home Ownership- The Beginning

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  1. Module 1: Understanding Mindset
    9 Lessons
    |
    1 Quiz
  2. Module 2: Understanding What you want your money to do for you?
    6 Lessons
    |
    1 Quiz
  3. Module 3: Understanding The Types of Real Estate Investments
    7 Lessons
    |
    1 Quiz
  4. Module 4: Understanding The Resources
    11 Lessons
    |
    1 Quiz
  5. Module 5: Understanding The Finance
    15 Lessons
    |
    1 Quiz
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Portfolio Lenders

Conventional mortgage loans can originate from a variety of sources, such as  banks, mortgage brokers, and credit unions. In most cases, these lending sources  are not actually using their own capital to fund the loan, but are acquiring or  borrowing the funds from another party or reselling the loan to government-backed institutions in order to replenish their  own funds. As a result, most lending institutions must adhere to a very strict set  of rules and guidelines when it comes time to financing an investment.

These  strict rules can make conventional financing difficult to obtain for many,  especially for real estate investors and other self employed borrowers. However, some banks and credit unions have the ability to lend from their own  funds entirely, which makes them a portfolio lender. Because the money is their

own, they are able to provide more flexible loan terms and qualifying standards. This means that they are  able to make loans available at any terms acceptable to them. Oftentimes a portfolio lender will have funds  available with less restrictive qualifications than a conventional lender.