Fannie Mae is the nickname to which the Federal National Mortgage Association is given. Freddie Mac is the nickname to which the Federal Home Loan Mortgage Corporation. Both, Fannie Mae and Freddie Mac are government programs. These government companies help to increase the supply of money available for mortgage lenders, thus, increasing the money available for home purchases. Since 2008, both of these companies have been lowering the costs for borrowers as the housing market recovers from the mortgage crisis. The majority of the mortgages in the United States are backed by Fannie Mae or Freddie Mac. That is why it is important for homeowners to know about these two companies and try to get a home loan through Fannie Mae and Freddie Mac.
Freddie Mac is supporting the nation’s current housing markets. It provides a constant pattern of mortgage funding that helps many Americans buy, refinance, or even rent a home. Freddie Mac also helps to stabilize the neighborhoods and communities in the United States with programs such as homeowner assistance programs, homeowner education, and more. Leaning from the mortgage crisis in 2008, Freddie Mac has been able to continue to provide liquidity and keep mortgage funds moving. It has strengthened its credit and loan eligibility standards to help more Americans be able to get a home loan.
Ace Mortgage Loan Corporation can help residents in Delray Beach get the home loan they need to be able to get the homes that they really want for their families. Ace Mortgage Loan Corporation is a mortgage lender that has more than 20 years of experience in the mortgage industry. Each mortgage broker of Ace Mortgage Loan Corporation has the knowledge and capability to help every Delray Beach resident in search for a loan. Home financing is possible with the assistance of Ace Mortgage Corporation.
Call the mortgage loan professionals at Ace Mortgage Loan Corporation today at (954) 777-4774 for more information. You can also visit their website for helpful facts on mortgages and home loans.