One factor that markedly influences your chances of obtaining a mortgage loan is your credit score. ![]() How Credit Scores Impact Obtaining a Mortgage Loan Some of the participants involved include investors, mortgage originators, mortgage aggregators, and securities brokers. The secondary mortgage market, on the other hand, is a large market with several participants where mortgage loans and servicing rights are bought and sold by various entities. The primary mortgage market allows homebuyers to borrow mortgage loans directly from primary lenders such as banks, mortgage brokers, mortgage bankers, and credit unions. ![]() The mortgage market is divided into two basic categories: the primary and the secondary mortgage market. A mortgage loan is a sum of money that a homebuyer will borrow from a lender (such as a bank or credit union) to finance the money needed to buy a house.
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