Fannie Mae: The Name to Know for Home Loans and Mortgage Refinance

By Kelly Richardson
LoanPage.com Columnist

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Wouldn't it be great if there was an organization that specialized in helping low to middle income families get a competitive home loan? Or how about the opportunity to lock in a low rate on mortgage refinancing? Well, the folks at Fannie Mae stand poised to help you achieve the American dream.

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The Federal National Mortgage Association, dubbed Fannie Mae for marketing purposes, is a corporation sponsored by the United States government. Fannie Mae specializes in assisting low to middle income families receive home loans and mortgage refinancing by purchasing secondary mortgages from lenders. This financial organization is an established entity, making it a strong force in the lending market. Fannie Mae stock is actively traded on the New York Stock Exchange and other exchanges and is part of the Standard & Poor's 500 Composite Stock Price Index.

Fannie Mae for Home Loans

  • » Incredible Stats. Fannie Mae has helped more than 63 million families acquire a home loan since Fannie Mae began in 1968.
  • » Lender Backing. Fannie Mae does not lend money to buyers, but rather provides mortgage funds to reinforce lender capabilities.
  • » The Process. This organization buys secondary mortgages from lenders who can make that cash available for you to borrow.
While new home loans are the bread and butter of Fannie Mae's services, you can also receive a competitive mortgage refinancing offer.

Mortgage Refinancing with Fannie Mae

  • » Cash Out. One way you can take advantage of Fannie Mae's financial benefits is refinancing your current mortgage and taking cash out of the transaction for home improvements.
  • » Lower Rate. Many homeowners capitalize on the option of a lower interest rate through mortgage refinancing.
Find out all you can about how the Fannie Mae organization can assist you in finding a home loan or refinancing your current mortgage. It could save you thousands of dollars each year.

Source
Fannie Mae

About the Author
Kelly Richardson covers the local education and technology scenes in major cities across the country. His articles appear in educational journals, periodicals, and e-zines.

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