When you’re navigating the home loan process in Melbourne, Florida, you’ll encounter many new terms. One name that often appears in the fine print is…
Are you thinking about buying a home but worried about the down payment? Or are you a real estate agent assisting first-time home buyers? You won’t want to miss this comprehensive guide on low to no down payment options for purchasing a home.
In the fast-evolving realm of real estate, staying abreast of key financial parameters is crucial for prospective homebuyers. One such pivotal metric is the conforming
When you’re in the market for a mortgage, you’ll likely come across a myriad of terms and positions within a mortgage lending organization. It’s crucial
What are Fannie Mae and Freddie Mac?
No they aren’t actual people. Fannie Mae is also known as the Federal National Mortgage Association and Freddie Mac is just another name for the Federal Home Loan Mortgage Association.
Fannie Mae and Freddie Mac are government-sponsored enterprises. This shareholder-owned corporation was created by Congress in 1938 to provide stability, liquidity and affordability in the mortgage market as part of President Roosevelt’s New Deal. They are now our nation’s largest purchaser of home mortgages.
Basically, Fannie and Freddie purchase Mortgages from lenders, so that the lenders have more money to lend out. They then securitize the loans and sell them as mortgage backed securities to investors.
Your credit score plays a major role in buying a home. Here are 12 simple ways to improve it and strengthen your mortgage options.
