By the United States Census of 1900, the population of Scranton was about 102,026, making it the third-largest city in Pennsylvania and 38th-largest U.S. city. At the turn of the 20th century, wealthy businessmen and industrialists built impressive Victorian mansions in the Hill and Green Ridge sections of the city.
Mortgage broker. A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions have sold their own products. As markets for mortgages have become more competitive, however, the role of the mortgage broker has become more popular. In many developed mortgage markets today,, mortgage brokers are the largest sellers of mortgage products for lenders. Mortgage brokers exist to find a bank or a direct lender that will be willing to make specific loan an individual is seeking. Mortgage brokers in Canada are paid by the lender and do not charge fees for good credit applications. Many mortgage brokers are regulated to assure compliance with banking and finance laws in the jurisdiction of the consumer.
What Is a Wrap-Around Mortgage? A wrap-around mortgage is a type of loan where a borrower takes out a second mortgage to help guarantee payments on their original mortgage. The borrower will make payments on both of the mortgages to the new lender, who is called the âwrap-aroundâ lender. The wrap-around lender will then make the payments to the original mortgage lender. This can allow the borrower to obtain a loan at a lower interest rate than if they had gotten a completely new loan.