Other Participants
Due to the complicated legal exchange or transfer of the property, one or both of the main participants are likely to require legal representation. Because of the complex nature of many markets, the debtor may go to a mortgage broker or financial adviser to help them source an appropriate creditor typically by finding the most competitive loan.
Lately, many US home-buyers (mainly higher income borrowers), are choosing to work with Certified Mortgage Planners, industry experts that work with Certified Financial Planners to align the home finance position of homeowners with their larger financial portfolio.
In addition to borrowers, lenders, and agencies; there is an additional class of participants who are the source of funds - the Life Insurers, Pension Funds, etc.
