ASB has grabbed the title of “best bank” for those homebuyers looking for around for a 1 or 2 year fixed rate mortgage, cutting its “fighting” 18 month rate to 9.55% from 9.75%. The other 4 big banks have 1 and 2 year rates at 9.95% and ... The mortgage loan itself is made by a bank, a savings and loan association, a mortgage company, a credit union, or any other lender. For it to become an FHA mortgage loan, the lender would have to be approved by the Federal Housing Administration.
