Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE”.

This week, we answer the question:

What is a portfolio loan?

A portfolio loan or portfolio mortgage is a loan that a lender makes, and then keeps the loan to service for the life of the loan. It becomes part of their Investment portfolio.

Thank you for tuning into this Joe Knows Mortgages MINUTE

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See you again next Monday!