Are you ready to cast your line or set sail on the crystal blue waters of Florida’s Space Coast? Brevard County, Florida, offers some of
When it comes to homeownership, understanding how your credit score influences your ability to secure a mortgage is essential. Your credit score plays a pivotal
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.
The VA funding fee helps keep VA loans available with no down payment. Here’s how it works, how much it costs, and who may qualify for an exemption.
