Refinancing Home Mortgage
In: Mortgage Lenders
16 Dec 2009I see that Freddie Mac is a government-sponsored mortgage lender and promotes safe and responsible borrowing. Has anyone had experiences with them? Would I be more likely to be able to qualify for a house with them? Are there certain reasons for choosing them vs. traditional lenders?
This is about mortgage information questions.
1 Response to How is Freddie Mac different as a mortgage lender than traditional lenders?
vilkri
December 16th, 2009 at 5:45 am
Freddie Mac does not give you a mortgage directly as a “traditional lender” does. Instead, Freddie Mac buys the mortgages that you get from traditional lender, who processes your application and gives you the mortgage. You cannot apply for a mortgage directly to Freddie Mac.