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the is where borrowers and mortgage lenders come together to create and negotiate the terms of a mortgage transaction.

Sagot :

The primary mortgage market is where mortgage originators and borrowers meet to discuss conditions and complete a mortgage transaction.

More about primary mortgage market:

The market where borrowers can get a mortgage loan from a principal lender is known as the primary mortgage market. The primary mortgage market is dominated by banks, mortgage bankers, mortgage brokers, and credit unions, who are all major lenders.

In the primary mortgage market, numerous stakeholders take part. There are many different loan originators who will work with the borrower to generate a real estate loan in addition to the fact that borrowers are undoubtedly in the market looking for money.

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