Displaying posts tagged with: Homebuying

Urban or Suburban?

Urban or Suburban?

Buying a home is a big deal, so finding the right one that fits your needs is especially important and can have long–term impacts on both your wallet and your quality of life. More

Myth vs. Fact Quiz

Myth vs. Fact Quiz

Over the last few months we've been dispelling the top two myths on everything from down payments to renting. See how well you know the facts in today's quiz. More

Myth vs. Fact: Home Inspections

Myth vs. Fact: Home Inspections

Home inspections are so important because they give you the opportunity to thoroughly inspect the home with a professional before you spend any of your hard-earned money to buy it. Because of this, today we're tackling the two biggest myths. More

ISO Down Payment Help?

ISO Down Payment Help?

If you're in the market to buy your first home, but know you'll need some help with your down payment or closing costs, assistance may be right under your nose. More

Many Returns of the Day, USDA!

Many Returns of the Day, USDA!

Congratulations to the U.S. Department of Agriculture (USDA) Rural Development on its Single-Family Housing Guaranteed Loan Program's 25th anniversary! Freddie Mac looks forward to working together even more closely over the next 25. More

Down Payments: There's Help for That

Down Payments: There's Help for That

"If only I could afford the down payment, I could buy that home.” You might be able to do both. An acceptable down payment might be smaller than you think (hint: less than 20%). On top of that, you might be eligible for down payment assistance. More

Dear Seller, Pick Me

Dear Seller, Pick Me

Congratulations, you’ve found the home of your dreams! Before you submit an offer, you may want to include one thing to set you apart from the competition — a letter to the seller. More

Homework and a Home Purchase

Homework and a Home Purchase

Before making a major purchase, consumers are routinely advised to “do their homework first.” What does this mean in the context of buying a house? It’s more than just getting your financial house in order – you also need to study where you live now. More

3 Tips to Find "the One"

3 Tips to Find

You’ve pored over local real estate listings and watched hours of house hunting shows. You’re ready to take the plunge and start seriously looking for a new home. How can you make sure you pick the right one? More

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? More

You've Got Mail

You've Got Mail

Do you want to know more about buying or renting a home, the housing market and housing finance? It's quick and easy when you sign up for our weekly roundup. More

How It Works: The Closing Process

How It Works: The Closing Process

You'll sign many important documents at closing, the final step in the homebuying process when the property is legally transferred to you. Learn more about what to expect at closing and how it all comes together. More

The Top 10

The Top 10

The results are in. We've run the numbers and here are 10 most-read posts of 2015. See what interesting topics you might have missed. More

Tips, Bits & Lists: Day 4

Tips, Bits & Lists: Day 4

On the 4th day of tips, bits & lists, we're focused on the 4 Cs. You're probably thinking diamonds, but actually we're talking about the 4 Cs of qualifying for a mortgage. More

Tips, Bits & Lists: Day 2

Tips, Bits & Lists: Day 2

In October 2015, two new mortgage disclosure forms went into effect as part of the Consumer Financial Protection Bureau's Know Before You Owe mortgage rule. What are these forms and how can they help you? Find out here. More

12 Days of Housing Tips, Bits & Lists

12 Days of Housing Tips, Bits & Lists

On these 12 days of Christmas and all through the year, Freddie Mac is serving up housing tips to those far and near. There will be tidbits and resources and quizzes too, but nowhere will you find a turtle dove or two. Today's tips are just for you. More

Paperwork: What to Expect

Paperwork: What to Expect

Many people feel overwhelmed with the homebuying process because of the amount of paperwork and signatures required. How can you ease the anxiety? Get familiar with the documents before closing and lean on your team. More

Home Inspections: What to Expect

Home Inspections: What to Expect

Home inspections are so important because they give you the opportunity to thoroughly inspect the home with a professional before you spend any of your hard-earned money to buy it. Here's what you can expect from yours. More

May Home Sales

May Home Sales

With new home sales data out for May, we're currently running 17,000 home sales (non-seasonally adjusted) above the May 2013 rate keeping us on track for the best year in home sales since 2007. More

4 Reasons Home Sales Are Surging

4 Reasons Home Sales Are Surging

Reports the Associated Press: "Home sales are on pace for their best year since 2007. First-time buyers are streaming back into the market." Why all the activity now after so many years of sluggishness? More

What Home Means

What Home Means

In honor of National Homeownership Month and our important mission to make home possible we asked, "What does home mean to you?" See what people from across the nation said. More

Use Your Assets

Use Your Assets

Good news for retiring Baby Boomers and other savvy homebuyers who have limited incomes but substantial financial assets – these will help you to qualify for a low-rate mortgage. More

Did You Know?

Did You Know?

If you're in the market to buy a home, it's good to be in-the-know. We're here to share some fun and interesting housing-related facts to keep you sharp and entertained. More

Spring Forward to Buying a Home

Spring Forward to Buying a Home

The crocuses will be poking up soon, and, with the change in weather, the housing market, too, will be warming up. Our new blog series on the Spring Homebuying Season starts this week — to help you get ready to buy a home. More

4 Tips to Finding a House You Love

4 Tips to Finding a House You Love

Buying a home can be an emotional experience. It's a big investment, and you want to be happy with your home. If you're ready to buy, here are a few tips — along with pitfalls to avoid. Let's start with 'Don’t fall in love with a house you can't afford'. More

The Urban Flock

The Urban Flock

Remember when families flocked to the suburbs to trade the "congestion and pollution" of city life for tree-lined streets and manicured lawns? We do, too, but today's market is eyeing the urban core. More

Best Bang for the Condo Buck

Best Bang for the Condo Buck

In today's purchase market, condos could be the answer for many first-time homebuyers and those with lower and/or limited incomes. See where you get the best bang for your buck. More

In Good Faith

In Good Faith

Closing costs average about $2,539 – so it's important to understand what your costs will be before you commit to the loan. That’s where the Good Faith Estimate comes in. More

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. More

Supersizing the American Dream

Supersizing the American Dream

Did you know that new homes today are 61% larger than in 1973? And, while the size of new homes has increased, the average household size has decreased, giving us even more living space. More

Cribs: Rachel vs. Richie

Cribs: Rachel vs. Richie

All-American Sitcoms: They've made their way into most of our lives — from their theme songs to their cast of characters. And for 30 minutes each week, we were invited into these characters' homes. What would it cost to live there today? More

Celebra

Celebra

It's National Hispanic Heritage Month, when we recognize and celebrate the heritage and culture of Hispanic and Latino Americans and the contributions they've made to the United States. To help celebrate, let's start by getting educated. More

Why People Rent: Survey Says...

Why People Rent:  Survey Says...

Did you know in a recent survey more than 55% of people gave this reason why they’d rent instead of buy: not enough savings or too much debt. At the bottom of the list? Concern housing prices might fall. More

Good to Knows about REOs

Good to Knows about REOs

If you're looking to buy a home, you'll likely come across homes for sale referred to as "REO" or "bank-owned." What are these properties and should you consider looking at them? Lets take a look. More

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. More

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. More

Five Generations in Housing

Five Generations in Housing

Did you know that 76% of first-time homebuyers are Gen Y? And that only 55% of The Silent Generation finances their home purchase? No matter our age, we all play an important role in today’s housing market. More

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? More

Where Inventory is Better

Where Inventory is Better

Did you know that Florida metros boast some of the best opportunities to buy a home based on inventory? Based on the number of homes for sale per household, Miami-Ft. Lauderdale-Pompano Beach and Tampa-St. Petersburg-Clearwater top the list in inventory across the nation’s major metropolitan areas. More

Use Your Assets

Use Your Assets

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

Small Towns, Odd Names: We're Here

Small Towns, Odd Names:  We're Here

Whether you live in New York City with over eight million others or Chicken, AK with just seven, we’re funding loans right where you live. Big or small, north or south, whatever the name, we’re here. More

One Loan Per Second

One Loan Per Second

Did you know that it used to take up to two years’ worth of documentation and two months wait time to find out if your mortgage would be approved? More

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. More

All in the Family

All in the Family

Did you know that 14 percent of recent homebuyers purchased a home to accommodate growing households as their adult children, siblings or aging parents move in? More

Fixing to Sell REO in Today's Market

Fixing to Sell REO in Today's Market

In order to compete for value conscious buyers in today's market, Freddie Mac's HomeSteps® sales division repaired nearly half of the REO homes it sold in 2013, up from about a third in a typical year. Examples of winning kitchen and bathroom upgrades can be seen here. More

Bigger Pinch: Housing Affordability

Bigger Pinch: Housing Affordability

So where’s the most affordable place to buy a home for the typical family? You might be surprised. The NYC metro is actually more affordable than Boulder, San Jose and Barnstable Town, MA. The most affordable metro area in the country is now Decatur, IL. More

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. More

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? More

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. More

Mortgage Rates: From Dirt Cheap, to Cheap

Mortgage Rates: From Dirt Cheap, to Cheap

The same home you considered buying a year ago with a $200,000 mortgage would now cost about $90 more in interest payments per month, or about $1,080 per year, given the general rise in mortgage rates since last year. But let's put this increase into perspective – and take the long view. More