Portfolio Loans

Portfolio loans are loans that banks or other lending institutions may keep "in-house", or sell to the secondary market (FNMA or FHLMC). The qualifying guidelines for these types of loans may be more flexible than the requirements set forth by secondary market investors.

TIP: Think about your purchases. If you are not able to afford the purchase now, chances are you won't be able to afford it in a month when the credit card bill comes in!