Wholesale or subprime?

[Silvana]

What is the difference between wholesale mortgage companies and subprime mortgage companies?

[lost_but_not_hopeless]

I have no basis for this answer other than being a homeowner and doing my own very limited research on what options out there would best suit my own needs. I would make a very close comparison between hidden closing costs for the assumption of the loan; degrees to which the rate would raise if it was an adjustable rate mortgage and where the funds would ultimately come from. A fedreally insured company like Fannie Mae / Freddy Mac or the riskier realm of privately held firms with excess money to lend out looking for a decent return on their investment that will come from you. Go with a fedrally insured program and always a fixed rate with one exception - if the adjustable rate is at least a full precentage point lower and you plan to refinance (or sell)before the first review an adjustable rate may be a better option.