Difference Between Freddie Mac and Fannie Mae
Freddie Mac vs Fannie Mae
In the process of homeownership, a person can encounter the term “mortgage.” “Mortgage” is a French term that means “dead pledge.” These are loans that are secured by a property. Payment for the installments is made over a set period of time. A mortgage secures the commitment of the one who wants to borrow the money that will be repaid. For some people, a mortgage is the largest and one of the most serious financial obligations that an individual can make.