Will my loan be sold after closing?

B

Most mortgages are sold to either Fannie Mae or Freddie Mac after closing, this enables the lender to recycle their money and make more loans. The right to collect the mortgage payments remains with the original lender. These “servicing rights” are valuable. Sometimes the lender may sell the servicing rights immediately after closing, or possibly years after, for many reasons. Regardless of who collects your payment, rest assured that the original terms can never change, just the address you send the payment to.