If you are borrowing money through a mortgage broker, one of the things you will need to be aware of is that your mortgages will be sold.  They may be sold before you even close on your loan!  More relevant, they may be sold after you close, but before your first payment is due, causing a degree of confusion and potentially a late first payment.  You can send your payment in and it could be returned, all without you knowing that the loan was sold and who you were supposed to have sent the payment to.  Not good for a credit score!

Lording the Land wrote up a great post on what happens to mortgages.  It’s good to know what’s happening behind the scenes and why.