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LSDefine

Simple English definitions for legal terms

mortgage banker

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A quick definition of mortgage banker:

A mortgage banker is someone who helps people borrow money to buy a house. They charge a fee for their services and then sell the loan to someone else. They also help the borrower make their monthly payments.

A more thorough explanation:

Definition: A mortgage banker is a person or company that helps people get loans to buy real estate. They charge a fee for their services, sell the loans to other people or companies, and collect the monthly payments from the borrowers.

Example: John wants to buy a house but doesn't have enough money to pay for it all at once. He goes to a mortgage banker who helps him get a loan from a bank. The mortgage banker charges John a fee for their services and then sells the loan to another company. John makes monthly payments to the mortgage banker who then sends the money to the company that bought the loan.

Explanation: This example illustrates how a mortgage banker helps people get loans to buy real estate. They act as a middleman between the borrower and the lender, charging a fee for their services. Once the loan is approved, the mortgage banker sells it to another company and collects the monthly payments from the borrower. This allows the lender to make money from the interest on the loan, while the mortgage banker earns a fee for their services.

mort d'ancestor | mortgage certificate

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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