Many mortgage firms must borrow funds on a short-term basis in order to originate loans that are to be sold later in the secondary mortgage market or to investors. When the prime rate of interest is higher on short-term loans than on mortgage loans, the mortgage firm has an economic loss that is offset by charging a warehouse fee.
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Betty is a professional California licensed real estate agent at Malibu Estates. She believes that each and every one of her clients deserves her best. From start to finish, you can depend on Betty’s excellence and quality in customer care and service. Whether you are selling, buying, or leasing, her number one priority is always you and your needs and desires. She is available and will go above and beyond the call of duty on your behalf.