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It probably depends on the bank somewhat. My local community Bank in a small rural town won't have many, if any, million dollar home mortgages, maybe some of th
by cmptrnerd6 2y ago
It probably depends on the bank somewhat. My local community Bank in a small rural town won't have many, if any, million dollar home mortgages, maybe some of the farm or business loans are that large.
Also I hope you meant £1M is ~$25 M today and not £1 :D
- TheCoelacanth 2y agoI don't think local community banks typically hold onto a lot of mortgages. They would originate the loans and then sell them to someone else.