You’ve heard of Fannie Mae and Freddie Mac, but who or what are they? More importantly, why are they so important in the nation’s housing finance system? In today’s blog, we will be answering these questions! Meet Fannie Mae In 1938, during The Great Depression, The Federal National Mortgage Association (FNMA) was created. As part…
Category Archives: Loans
Type “How much house can I afford” into Google and you will get 51,900,000 results, most of which link you directly to a mortgage calculator. While Google is an awesome tool and mortgage calculators are great, there is just no substitute for actually speaking to a real life person. A person can answer your questions…
Who? Our first W is Who. Who needs a mortgage pre-qualification letter? The simple answer is that anyone who is in the market to purchase a home. If that is you, read on, we are about to provide all the information you need to get this valuable document working for you. What? The second W…
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