http://eaganmortgagebroker.com - 651.760.8364 - Eagan Mortgage Brokers will help you get through the ins and outs of home mortgage qualification. There is no formalized schooling for this process. If asked the general way a mortgage works, a vast number would say that the mortgage company or the bank is supplying the borrower with a mortgage on their property. This isn't the situation. In reality, the borrower is granting the lender a mortgage on the property established by the “loan to value” that the homeowner is asking for.
