Want to learn more about the mortgage process? Check out these helpful websites:
Homebuyer Education by Freddie Mac
Freddie Mac, one of America’s biggest buyers of home mortgages, is a stockholder-owned corporation chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Learn more about how we make home possible. This site offers a step-by-step tutorial on the home buying decision process and the mortgage application process.
Home Loan Learning Center
The Home Loan Learning Center provides step-by-step information on how to become financially literate. Armed with the facts, your next move could be into your own home. Learn about credit reports and scores; the true cost of owning a home; and how to compare the costs of owning versus renting a home. This site is powered by the Mortgage Bankers Association.
Federal Reserve Board Consumer Information
The Federal Reserve Board maintains a web page with consumer information, including a section on home mortgages and personal finance. The section provides a guide to mortgages and tips on understanding ARMs.