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How Much Home Can You Afford?

How Much Home Can You Afford?

Condo? Fixer-upper? McMansion? Starter home? Town house? Tiny house? Before you start looking seriously at buying ANY kind of home this spring, you'll first need to answer the single-most important question: How much home can I afford?

How it Works: Making an Offer

How it Works: Making an Offer

Learn about the process for making an offer in our How it Works series.

How It Works:  The Secondary Mortgage Market

How It Works: The Secondary Mortgage Market

Follow along with our new blog series, where we discuss how things work in the mortgage market, from underwriting your loan to credit risk transfer. To kick off the series, we introduce you to the inner workings of the secondary mortgage market.

Counseling Without the Couch: What a Housing Counselor Can Do for You

Counseling Without the Couch: What a Housing Counselor Can Do for You

A housing counselor can be a great ally for a homebuyer – especially for someone navigating the process for the first time.

The $1.5 M Question: Rent vs. Buy?

The $1.5 M Question: Rent vs. Buy?

Mike and Jen can afford $1,400 per month on housing and have saved $10,000 for a down payment. But, they're left wondering which option – renting or buying – makes best financial sense. Lets find out.

Where Does the Secondary Mortgage Market Go from Here?

Where Does the Secondary Mortgage Market Go from Here?

Freddie Mac CEO Donald H. Layton met this week with mortgage bankers at their annual conference. Learn his thoughts on what may be ahead for the secondary market and its many stakeholders.

The Math Challenge: Whether to Rent or Buy?

The Math Challenge: Whether to Rent or Buy?

Find out which is the better option when the monthly payment is the same.

Who's Who?

Who's Who?

The homebuying process: It's exciting, can be intimidating and there are a lot of people involved. The good news? All these people work hard to make your experience as smooth as possible, including several that will hold your hand throughout the process. Let us introduce you.

How Do Mortgage Fraudsters Find Their Targets?

How Do Mortgage Fraudsters Find Their Targets?

Borrower desperation simplifies the fraudsters' job to the point where all they have to do is advertise a promise and post a phone number or e-mail address.

HARP: It's the Real Deal

HARP: It's the Real Deal

Today, we're swatting down one of the answers we hear most when we ask eligible borrowers why they haven't HARPed: They think it's a scam. Here's why it's not.

Help Around the Corner and Across the Country

Help Around the Corner and Across the Country

Whether you're struggling with your mortgage or hoping to buy a home, Freddie Mac's Borrower Help Centers and Borrower Help Network offer you trustworthy, one-to-one help.

Taking Responsibility

Taking Responsibility

While shopping for your home is fun and exciting, it's important to remember the responsibilities and financial commitments you'll have as a homeowner. Saving for your down payment and signing on the dotted line are simply the first steps to homeownership.

Three Ways to Improve Your Credit Score Today

Three Ways to Improve Your Credit Score Today

Your credit is a key factor in qualifying for a mortgage, and the higher the score the better. If your credit score is lower than you'd like, don't despair. These three steps can help you begin rebuilding it today.

Down Payments and PMI:  Get the Low Down

Down Payments and PMI: Get the Low Down

If you're in the market to buy a home, you've probably heard the rule of thumb that you shouldn't buy a home unless you can put down 20% to avoid paying Private Mortgage Insurance (PMI). Why is 20% the magic number and what is PMI?

Renovation Projects with the Best ROI

Renovation Projects with the Best ROI

Did you know fixing up your home's exterior will give you the biggest bang for your buck when renovating?

5 Percent Down Payment?  You Bet.

5 Percent Down Payment? You Bet.

Did you know 40 percent of today's homebuyers using mortgage financing are making down payments that are less than 10 percent?

Use Your Assets

Use Your Assets

Did you know that you can use your financial assets to qualify for a conforming, conventional mortgage?

Buying a Home? Get CreditSmart

Buying a Home? Get CreditSmart

There's a good reason why we dream of owning a home. And, there's also a good reason to prepare and become financially literate first. Why? Because educated borrowers are better prepared for successful, long-term homeownership and overall financial stability. Get smart through CreditSmart, our free financial education program.

Down Payment Assistance:  It's The Real Deal

Down Payment Assistance: It's The Real Deal

You've found your first home and your lender has approved you for a mortgage. But there's one catch you're short of the cash you need for a down payment. Don't sweat - help may be available.

Help Could Be Right Around the Corner

Help Could Be Right Around the Corner

If you're having trouble paying your mortgage and need advice, help could be right around the corner.

Mansion or Yurt: What Can You Afford?

Mansion or Yurt: What Can You Afford?

Dreaming of owning a home and wondering how much you can afford? You're not alone. It's one of the most important questions you'll need to answer before you can begin house hunting – and many factors, aside from your income and car payment, come into play.

Harp, Harp, Harp

Harp, Harp, Harp

If you owe more on your mortgage than your home is worth and haven't refinanced into a lower interest rate, this HARP is for you.

The 4 Cs of Qualifying for a Mortgage

The 4 Cs of Qualifying for a Mortgage

Thinking about buying a home but not sure whether you qualify for a mortgage? Here's what lenders look for in a borrower.

Interest Rate vs. APR

Interest Rate vs. APR

Ever wonder why mortgage rates are quoted both in terms of interest rate and APR? And what the difference is?

Mortgage Myths Busted

Mortgage Myths Busted

What do unicorns, leprechauns, and the mandatory 20 percent home down payment have in common? They're all myths.

Five Quick Tips About Apartment Leases

Five Quick Tips About Apartment Leases

Moving can be very exciting, especially if it's your first time living on your own in an apartment. However, it's important to be informed before you sign a lease, which is a legally-binding contract between a landlord and a tenant.

Three Tips for Mortgage Newbies

Three Tips for Mortgage Newbies

More tips on how to safely apply for a mortgage.

What's the Point?

What's the Point?

Your financial house is in order and you're ready to make your dream of homeownership a reality. Now it's time to get a mortgage. As you shop around, you'll see that many lenders offer a menu of mortgage rate-point combinations. So what are these so called 'points' and is there a point in paying them?

Financially Speaking, What's Your IQ?

Financially Speaking, What's Your IQ?

April is Financial Literacy Month – an ideal time to brush up on your financial education and life-long money management skills. To get started, let's take a look at your financial IQ.

Beware of Phony Rental Ads

Beware of Phony Rental Ads

Fraudsters continue to con house hunters out of rent money and personal credit information by falsely advertising foreclosed homes they don't own as rentals. Here are some tips to avoid the scam.

Protect Your Mortgage Application from Identity Thieves

Protect Your Mortgage Application from Identity Thieves

Mortgage applications are a gold mine for identity thieves. Here's a common sense tip for keeping your personal data away from prying eyes.

Do You Know How You're Scored?

Do You Know How You're Scored?

Your FICO® score is an important part of a lender's credit decision, influencing the credit that's made available to you and the terms that you're offered. It's calculated using information from several pieces of data from your credit report. Scores range from 300 (worst) to 850 (best). Find out how a FICO Score breaks down.

First Steps for Homebuyers

First Steps for Homebuyers

With the spring home buying season upon us, here are some rules of the road to know before you buy a home in today's market.