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Portfolio Lending in Bethesda, MD



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What is Portfolio Lending in Bethesda, MD

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Portfolio lending refers to a type of lending in which financial institutions, such as banks or credit unions, hold the loans they originate on their balance sheets rather than selling them to the secondary market. In other words, the lender retains ownership of the loans and is responsible for collecting payments from the borrower, rather than transferring that responsibility to another party.

The main advantage of portfolio lending is that it allows lenders to have more control over the loans they make and to have a more direct relationship with their borrowers. This can result in a more customized lending experience, as the lender can make decisions based on their own criteria and guidelines, rather than being limited by the requirements of the secondary market.

Additionally, because the lender is retaining ownership of the loan, they have a vested interest in ensuring that the borrower is able to repay it, which can result in more favorable terms for the borrower.

Advantages of Portfolio Loans in Bethesda, MD

There are several advantages to obtaining a portfolio loan:

  1. Flexibility: Portfolio lenders often have more flexibility in terms of loan requirements and underwriting standards, allowing for more personalized and tailored loan options for borrowers whose situations may not fall under more traditional loan types.
  2. Speed: Portfolio lenders often have the ability to make quick lending decisions, allowing borrowers to receive funding faster than they might from a more traditional lender.
  3. Reduced red tape: Portfolio loans are often less bureaucratic and more streamlined, making the loan process faster and easier for borrowers.
  4. Better loan terms: Because portfolio lenders retain ownership of the loans, they have a vested interest in ensuring that the borrower is able to repay the loan.
  5. More personal relationship: Portfolio lending allows for a more direct and personal relationship between the lender and borrower, which can lead to a better overall lending experience.
  6. Local focus: Portfolio lenders are often community-based and focused on local lending, which can be beneficial for borrowers looking for a lender who understands their specific needs and the local market.

Boris Cherner Mortgage Lender

Purchasing or refinancing your home is a complex undertaking that involves a number of participants and variables. I have been in the mortgage industry since 1997 and I understand the anxiety that comes with making the most expensive investment of a lifetime. My objective is to be your advisor, to educate you and to make the mortgage loan transaction as transparent and as stress-free as possible. I enjoy establishing personal connections and work mostly by referral. I thoroughly explain the process and available options, and guide my clients to make choices that best fit their needs and financial goals. Once the underwriting begins I communicate regularly and keep my clients apprised of the loan status from the beginning through the end. My relationship with clients does not end at the closing table. You are my client for life and I am always available to answer your questions and provide you with guidance.

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Disadvantages of Portfolio Lending in Bethesda, MD

Just like with any other programs, there are several disadvantages to obtaining a portfolio loan:

  1. Higher cost: Portfolio lending mortgage can be more expensive for the lender, as they are responsible for the entire loan process and must bear the costs of origination, underwriting, and servicing. This can result in higher interest rates for borrowers.
  2. Limited availability: Portfolio lending is often only available from smaller, community-based lenders, which can make it more difficult for borrowers to find a mortgage lender who is able to offer this type of loan.
  3. Increased risk: Because the lender is retaining ownership of the loan, they are exposed to more risk if the loans default. This can limit their ability to make additional loans in the future and could result in higher interest rates or stricter loan requirements for future borrowers.
  4. Lack of standardization: Portfolio lending often lacks the standardization and regulation of more traditional lending practices, which can make it more difficult for borrowers to understand their loan terms and compare them to other options.
  5. Less regulatory oversight: Portfolio lending is often subject to less regulatory oversight, which could result in less consumer protection for borrowers.

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Where can I get a Portfolio Loan in Bethesda, MD

You can obtain a mortgage loan portfolio from a financial institution such as a bank or credit union that originates and holds loans on its own balance sheet, rather than selling them to the secondary market.

To find a portfolio loan lender that offers portfolio loans, you can start by checking with local banks or credit unions in your area. You can also search online for lenders who specialize in portfolio lending or ask for recommendations from friends and family.

Before you apply for a portfolio loan, it is important to compare offers from several different lenders to find the one that best fits your needs and offers the most favorable terms. You should also consider the reputation of the lender, their experience with portfolio lending, and the level of customer service they provide.

Reviews about Portfolio Lending in Bethesda, MD

15:50 08 Sep 23
Boris was great to work with and always available.
Chris NChris N
17:27 30 Aug 23
Boris is my go-to guy when I need to get a loan. He was highly recommended in one of the professional forums.When the rates went down and his organization's policy did not allow the rate adjustment, he put my best interest first and let me know that I could look at other options outside. That's when I knew that he would do what was best for his customers.In my recent complex loan, Boris was a problem solver and guided me through a successful closing. He is very knowledgeable and quick to respond. I have recommended him to all my friends and contacts.
Rubén Meana PañedaRubén Meana Pañeda
11:04 05 Jul 23
Boris was recommended to us by some neighbors. We refinance our house mortgage with him and the experience was great. He help us on all the steps along the way and he is always eager to give us good advice. We recommend him and we will keep using his services in the future.
Julie GuffeyJulie Guffey
23:37 17 Apr 23
Recommended by a close friend of mine, I reached out to Boris for assistance in purchasing a home. I was impressed from the first time we spoke. His knowledge and professionalism exceeds any expectations I had. Boris was quick to respond, answer any questions, and be there whenever I needed him throughout the entire process. He did everything for me possible which made the process simple for me. I would recommend Boris to anyone! He is reliable, trustworthy and exceptional in his field!
Jay StrongJay Strong
15:11 27 Mar 23
Boris helped me buy two homes and refinance one. He is both professional and competent. Most important of all, he is an honest man. I highly recommend using him!
prathap prabakarprathap prabakar
18:52 08 Mar 23
Davy ChienDavy Chien
16:50 04 Mar 23
Boris is very professional and get our loan refinanced done on time and easy
Laxman PaladuguLaxman Paladugu
18:56 01 Mar 23
Boris is one of most experienced and knowledgeful mortgage professional. In my refinancing process he explained each and every step very clearly and supported me in complete process with 100% transparency. I would work with him again and recommend to others!
David KleinDavid Klein
17:29 01 Mar 23
Boris was recommended to me a couple years ago by my daughter. He was exceptionally easy to work with and kept us informed every step of the way. When interest rates went down .5 he recommended a streamline refi. Which was even easier. I strongly recommend Boris if you are looking for a loan, VA or otherwise.
PJ HamidiPJ Hamidi
22:10 11 Dec 22
I've had excellent experiences with Boris, both on the refinance side and the new home mortgage side. He has always been very responsive, patient, clearly communicative, informative, and able to provide the most competitive rates. I'd highly recommend working with him.
Adrian PirvuAdrian Pirvu
16:57 11 Dec 22
Boris is an absolutely exceptional Mortgage Banker! He has helped me through two mortgage refinances and my father-in-law through one. Because I had such a great experience with him through my first refinance, I specifically sought him out when I was looking for my second and when my father-in-law was looking to complete his. Boris goes above and beyond for his clients and he always ensures that their best interests are the top priority.You will not find a better Mortgage Banker than Boris!
Mukul MehtaMukul Mehta
03:36 09 Dec 22
Boris is one of the most seasoned and experienced mortgage professional I have ever worked with. He patiently explained to me the mortgage refinance process, answered every question I had in detail and never pressured me to make a decision. He is equally great with paper work and ensuring the mortgage process completes on time without any issues. I will highly recommend Boris Cherner whether you are a first time home buyer or refinancing your property.
Gene KGene K
21:16 08 Dec 22
Boris was a wonderful person to work with during my first home-buying experience. He got me the best rates while also being incredibly patient and supportive, educating me and guiding me every step of the way. He let me know exactly what to expect and there were no surprises at any point during the purchase and lending process. He made sure the process was smooth and painless, and was constantly in touch from start to end so things could move along. I highly recommend Boris!
Clement JosephClement Joseph
19:46 08 Dec 22
I have refinanced my home loan 2 times with the help of Boris. He is such a patient person who is never tired of answering your queries.He also knows the stuff he's doing.I had recommended Boris to atleast 15 people in my community and everyone got the best support
Anya ChugunovaAnya Chugunova
19:37 08 Dec 22
I worked with Boris and his team on mortgage refinance of my home. The level of care, attention to detail, and professionalism demonstrated by Boris far surpassed my expectations. I really appreciated his knowledge, honesty and transparency throughout the mortgage refi process. Boris stays on top of every detail and is there for you every step of the way to answer any questions and address any concerns. I highly recommend Mr. Cherner and his team for all your mortgage needs!! A++++++
Abdul KhanAbdul Khan
19:09 08 Dec 22
I have had the pleasure of working with Mr. Cherner for the home mortgage needs, and the satisfying experience leading to recommend my two other friends - who also had similar thoughts and an enjoyable experience. What stood out to me was his advise on getting the best rates, but also hand-holding at every step on the documentation needs (which becomes overwhelming). If you are in the market looking for for experience and good value, reach out to Boris. I hope you will not be disappointed.
sangrae josangrae jo
15:17 30 May 22
I was lucky enough to meet Mr. Boris in my real estate investment journey during the last 5 years. I worked with him for my 3rd primary residence refinance loan and 4th primary residence loan. I had excellent outcomes from both. I am very happy with that and definitely, I really want to work with him for my future homes for sure.As a customer, I always think communication is the top priority. Whenever I had some questions and needed some advice on my loan options, he was always there and answered quickly within an hour during business hours. Last time, I had some emergency matter during weekends with my loan and he definitely spent his off-duty time for helping me out. I am so sorry about that sincerely.With that being said, he is a very professional and subject matter expert. He always had many options and guided me with the best option in my situation. Also, his loan rate is very competitive to other loan companies. It tremendously supported my real estate investment journey.

Is a Portfolio Loan in Bethesda, MD Right for You?

portfolio loans Bethesda, MD

It is important for borrowers to weigh the advantages and disadvantages of portfolio lending before deciding on whether it is the right choice for them. In some cases, the more personalized experience may make it a good option, but in other cases, the higher costs and increased risk may make a more traditional loan a better choice. Please reach out to me for further guidance on portfolio loans rates and current interest rates at 312-296-4175 or email me at Additionally, I offer a variety of mortgage options to suit your needs, including FHA loans, Jumbo loans, HELOCs, USDA loans, VA loans, temporary buydowns, and more. Together, we can explore and select the perfect mortgage solution tailored to your financial situation and goals. I lend in all 50 states and I am never too busy for your referrals!!

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FAQ about Portfolio Lending in Bethesda, MD

How does Portfolio Lending work in Bethesda, MD?

Portfolio lending refers to a type of lending in which a bank (or a credit union) holds the loans they originate and collects monthly payments from the borrowers, rather than selling these loans to the secondary market.

Is mortgage insurance required in Bethesda, MD?

Mortgage insurance is required for most mortgage transactions with less than 20% equity. In other words, if you are purchasing a home and your down payment is less than 20%, you will be required to purchase mortgage insurance.

What is the rate for Portfolio Lending in Bethesda, MD?

There is no universal interest rate for portfolio lending. Each financial institution will review the specific case and determine if they will lend it and at what interest rate. It is important that borrowers do their research and ask the right questions to ensure that they get the best service and interest rate.

How to get pre-approved for a mortgage in Bethesda, MD?

To get pre-approved, once you have chosen a mortgage lender, you will need to fill out a mortgage loan application, sign all the preliminary mortgage loan disclosures, and supply your lender with all your supporting income and asset documentation.

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