Freddie Mac | Mortgage Glossary | Realestateagent.com

Definition of "Freddie Mac"

One of two federal agencies that purchase home loans from lenders. The other is Fannie Mae.

Lender who possesses the collateral of the borrower if the loan is defaulted upon. ...

A reciprocal transfer of property from one entity to another. A market for securities of a real est ...

Considerations used by lenders in appraising a prospective homebuyer' credit application. They are: ...

Proceeds from a life insurance policy paid on a monthly basis instead of in a lump sum. ...

Record prepared by the rating bureau describing the particulars of an insured property and the appli ...

Coverage for less than one year. Insurers generally charge higher rates for short-term policies than ...

A survey is an examination of a property\'s boundaries to determine the quantity of land, location o ...

A wraparound mortgage is a new mortgage that includes the remaining balance on an old mortgage, plus ...

Find out what type of home is in your budget by entering a few numbers into our calculator. Our calc ...

Equity is the financial interest or cash value of your home, minus the current loan balance(s). If s ...

A home warranty is a guarantee for certain features of a new home-for instance, the materials and wo ...

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews