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Can You Skip the Property Appraisal?

Can You Skip the Property Appraisal?

You might be able to skip the traditional property appraisal. Talk to your loan officer to see if you qualify.

Need Housing Help? Start Here

Need Housing Help? Start Here

At one of the 14 Freddie Mac–sponsored borrower help centers across the country, you can get tips and tools to prepare for homeownership.

Myth vs. Fact: Mortgage Refinancing

Myth vs. Fact: Mortgage Refinancing

Today's mortgage interest rates are at historic lows. So if you've been on the fence about whether to refi, this may be the time. Today we're dispelling the top two myths about refinancing.

HARP: Two Ways to Save

HARP: Two Ways to Save

HARP, a federal program launched to help homeowners who owe more on their home than it's worth, helps borrowers save in two ways: through lower rates and lower terms. Find out if you're eligible for HARP and act fast as the program ends soon!

More than 3.3 Million People Have Saved With HARP. Could you?

More than 3.3 Million People Have Saved With HARP. Could you?

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

Tips, Bits & Lists: Day 11

Tips, Bits & Lists: Day 11

On the 11th day of tips, bits & lists, we introduce you to 11 online calculators designed to help demystify mortgages.

More Homeowners Tap Equity

More Homeowners Tap Equity

An estimated $12.2 billion in net home equity was cashed out during the refinance of conventional prime-credit home mortgages in the third quarter.

Refinancing: What to Expect

Refinancing: What to Expect

Throughout the term of your mortgage, you may choose to refinance. Find out what you can you expect from the refinance process and how it can affect your wallet – short- and long-term.

The First Rule of Mortgage Applications Is: You Do Not Lie on Mortgage Applications

The First Rule of Mortgage Applications Is: You Do Not Lie on Mortgage Applications

A recent column by Ken Harney highlights why borrowers should never stretch the truth on a loan application to get a mortgage or a better interest rate.

Refinancing Borrowers Saving Over $1.4 Billion in Mortgage Interest Payments

Refinancing Borrowers Saving Over $1.4 Billion in Mortgage Interest Payments

Equity Cash-Out Activity Increases, But Volume Remains Low

Freddie Mac: Your Top Questions Answered

Freddie Mac: Your Top Questions Answered

Today we answer your top questions.

3.2 Million Have Benefitted from HARP; You Could Too

3.2 Million Have Benefitted from HARP; You Could Too

You could be one of the more than 722,000 borrowers who still have a strong financial incentive to refinance through HARP.

10 for 10

10 for 10

A new research paper examining the effect of payment reduction on default finds that a 10 percent payment reduction decreases expected defaults by 10 to 11 percent.

Cash-Out Refinancing Ticks Higher As Boom Ends

Cash-Out Refinancing Ticks Higher As Boom Ends

The share of borrowers refinancing fell below 50 percent for the first time since the third quarter of 2008. This represents the longest boom since Freddie Mac started its quarterly Refinance Report in 1990.

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.

Are you Leaving Money on the Table?

Are you Leaving Money on the Table?

There are about 675,000 homeowners who could save money by refinancing through HARP, but have yet to take advantage of the program. Are you one of them?

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.

Mortgage Rates Once Hit 18.45%

Mortgage Rates Once Hit 18.45%

Did you know that the interest rate for a 30-year fixed mortgage hit a record high of 18.45 percent in October 1981?

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.

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?

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.

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.