A mortgage broker does not lend their own money on the day of closing. They serve as an intermediary between the borrower and the actual lender. They are being paid for their expertise in placing...
Mortgage lenders provide the actual money for the loan and take homeowners through the funding/approval process. Mortgage lenders may sell your mortgage to an investment bank after it is funded, and...
If there is a lien on the title to the property, it would have to be satisfied for the seller to give "good and marketable title" to the buyer.
I have never heard of a situation where a payoff could...
Commercial Mortgage lenders is very reliable. thousands abon thousand use them. They can do there job in a reasonible amount. I'd usggest using them but if your not comfortable don't.