Keyword: Mortgages How to Get the Best Interest Rate for Your Mortgage Understanding how lenders determine interest rates, and how you may be able to lower your rate, can help you secure the best mortgage for you. How the Secondary Mortgage Market Works The secondary mortgage market connects lenders, homebuyers and investors from around the world in a system that makes home possible for millions of families and renters. Why Was My Mortgage Sold? If you received a letter stating that Freddie Mac purchased your mortgage, you should not be alarmed and do not need to take action. The 7 Parts of a Mortgage Payment Understanding the components that make up a mortgage payment can help you choose the mortgage option that is best for you. 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. Do I Need to Put Down 20% on a Home? You may be overestimating the upfront costs of homeownership. Some mortgage programs make it possible to put down as little as 3%. Freddie Mac Mortgage Programs: Which One is Right for You? Freddie Mac's loan programs make homeownership possible for borrowers in all different situations. The Math Behind Putting Less Than 20% Down See how a lower down payment affects your monthly mortgage payment and total expenses over the life of your loan. Energy Efficient Mortgage: What is It and How Do I Get One? If you’re in the market for a green home or need financing for efficiency upgrades, an EEM could be right for you. How it Works: Adjustable-Rate Mortgages (ARMs) Is an ARM right for you? Learn how they work before making your decision. 4 Reasons to Refinance Your Mortgage Learn about the benefits of refinancing and how to decide if it’s the right time for you. Choose Your Term Whether you choose a 10-, 15-, 20- or 30-year fixed-rate mortgage, you're guaranteed that your monthly mortgage payment will remain the same for the entire term of the loan.
