Where your mortgage goes after closing, and why it gets sold
Why lenders sell loans
How it flows
Selling loans to investors such as Fannie Mae or Freddie Mac gives lenders cash to lend again. Your loan terms do not change when the loan is sold. Only who you pay may change, and you will be notified.
Last reviewed against the primary sources listed below.
Stays the same
- Rate and term.
- Payment amount.
- Loan balance.
Questions about loan sales
Why was my mortgage sold?
Lenders sell loans to fund new lending.
Does selling my loan change the terms?
No, the terms stay the same.