|
Trite but true - integrity, individualized client service, confidentiality, and results matter. Pls.call: 203-858-6366
|

Get Free Presentation On My Home Marketing. Before signing a contract with any REALTORŪ, make sure you know EXACTLY how your home will be marketed. Find Out More > View All Offers >
|

Cross Country Buyer "You really helped us with your orientation drives which helped us narrow the focus of our search quickly." Read Quote > View All Quotes >
|
Compare three mortgages at one time.
Download TripleCalc now. It's free.
|
Dody Whitehurst is one of The Top
Selling Real Estate Experts Find Out More > |
|
|
 |
 |
About New Canaan, Darien and Rowayton,: Moving to
New Canaan, Darien and Rowayton, Connecticut? Get info here... |
 |
School Reports: Reports for New Canaan, Darien and Rowayton, schools kindergarten, elementary, and high schools |
 |
Local School Information: Information on New Canaan, Darien and Rowayton, schools. |
 |
Local Economy: Local economy information for
New Canaan, Darien and Rowayton, in Fairfield County, CT. |
 |
Local Weather: Local weather information for
New Canaan, Darien and Rowayton, in Fairfield County, CT. |
 |
Local Photo Gallery: Local pictures of
New Canaan, Darien and Rowayton, in Fairfield County, CT. |
 |
Relocating?: Free real estate
information & relocation package if you're relocating to
New Canaan, Darien and Rowayton, in Fairfield County, CT. |
Please Sign Up For The Latest Listings and the Latest Real Estate News
Financing Your Home >Home Buyers Education
As the number of mortgage lenders increases, competition forces lenders to get more creative in finding ways to lend people money. This often takes the form of giving homebuyers a "break" in the down payment. The downside of this approach is that statistically, the smaller the down payment, the more likely the borrower will default. Lenders have put together an education program to prevent delinquencies, which fills a much-needed gap in the increasingly complex world of home finance.
Home buyer education classes focus on a variety of money management topics, including all the costs connected with obtaining and owning a home. One lender got together with FANNIE MAE (a government-sponsored loan guarantor) to launch a 3 percent down payment loan which requires participation in this education course. Other lenders have shown a decline in the default rate with five percent loans that are associated with similar education courses.
|
 |
| Q |
Who is "Freddie Mac", and why is he a big name in real estate?
|
| A |
"Freddie Mac" is the nickname for FHLMC, the Federal Home Loan Mortgage Corporation, which buys mortgages from lending agencies, thus allowing lenders to continually replenish funds for new mortgage loans. |
See More Real Estate Trivia > |
|
|
|
|