Wholesale mortgage lenders are mortgage lenders who cater to the needs of the mortgage lenders for the origination of a mortgage loan. Many portfolio and bank lenders act as whole sale mortgage lenders. The wholesale mortgage lenders provide the required credit to the mortgage lenders at a lower borrowing cost. The mortgage lender then adds his fee to the credit provided to them by the wholesale mortgage lender. As a result of this a borrower will have no difference in the loan amount if he obtains it from a mortgage loans broker or from a wholesale mortgage lender. The mortgage lenders are brokers who originate the mortgage loans and broker those mortgage loans to the wholesale mortgage loans. So, the funding for the mortgage loans, underwriting and loan verification processes are carried out by the wholesale mortgage lender. Many mortgage loan brokers also double as mortgage loan bankers. Mortgage banker is originally mortgage loan lenders who originates the mortgage loans and sell them to large loan investors including Freddie mac, Fannie Mae, Ginnie Mae and other loan investors. Big mortgage loans lenders have their own wholesale mortgage loan lending divisions. Some of the well-known and largest mortgage loan lenders include the Wells Fargo Mortgage and countrywide home loans. Mortgage loans provided by the wholesale loan lenders are sanctioned against the housing or real estate property as collateral or security. Home buyers or constructors can obtain the mortgage loans from banks, credit sanctioning agencies and other financial institutions. Mortgage loans are basically long term loans, which has a maximum loan repayment period of twenty five to thirty years. The easy monthly installments which are calculated for the repayment of the mortgage loan sanctioned by the wholesale mortgage lender takes into account the principal amount of the loan, the mortgage loan interest rate, time value of the money and also the loan repayment period. Mortgage loans may be prepaid and some wholesale loan lenders charge a fee for prepayment of the loans. There are two types of mortgage loans offered to the public by the wholesale mortgage lenders. They are the fixed rate mortgage loans and the floating rate mortgage loan. The fixed loan mortgage loans have a fixed loan interest rate throughout the entire repayment of the loan. In the United States of America, the fixed rate mortgage loans are also known as standard mortgage loans. In the fixed rate mortgage loans, the monthly payment is fixed but the loan costs may vary over the period of the loan. In the floating mortgage loans, which is also known by the name, adjustable rate mortgage loans, the interest rate may be fixed for a particular period of the mortgage loan. After the period is over, the flexible interest rate is applied for the remaining period of the loan based on the market indices. The popular indices based on which the interest rates are calculated include the London interbank offered rate – LIBOR, treasury Index – T-bill and the prime rate. As the mortgage industry is poised to grow even higher in the years to come, more and more new wholesale mortgage lenders will crowd the loan lending markets in the years to come.