Freddie Mac Expands
Posted on May 8, 2006
Filed Under Mortgage Updates
The second largest home mortgage company Freddie Mac is going to expand their mortgage website. They will be adding more products that will be available only online via the site.
It is also expanding its flagship suite of affordable mortgage products, known as Home Possible, by adding a special 40-year fixed-rate option and providing lenders with more competitive selling options.
Freddie Mac introduced Home Possible mortgages last year. They were designed to expand affordable homeownership opportunities by enabling qualified borrowers to finance single-family properties with as little as $500 for down payments or closing costs.
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