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It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
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Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
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With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
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Fannie Mae Announces Incentives to Buy Foreclosure Properties
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Fannie Mae Announces Incentives to Buy Foreclosure Properties
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Fannie Mae Announces Incentives to Buy Foreclosure Properties

Septermber 14, 2010 (Chris Moore)

With a record number of foreclosures in its inventory, mortgage giant Fannie Mae has decided to institute a program it hopes will give home buyers incentive to buy from them. One can only wonder if other mortgage holders will consider similar programs to help reduce their foreclosed properties.

As part of the program to help speed up home sales and get their troubled mortgages off their books, the government lender is offering to pay closing costs for home buyers and paying real estate agents a bonus of $1500 after the home purchase closes.

Qualified home buyers who intend to live in the properties can get as much as 3.5% closing cost assistance. To be eligible for the credit, buyers must submit their offer after September 23rd and the transaction must close no later than December 31st 2010 or within 60 days of being accepted, which ever is first.

The program is in reaction to pressure exerted by lawmakers who are urging Fannie Mae and Freddie Mac to rid themselves of foreclosed properties and help speed up the housing recovery. Foreclosures are at an all-time high with more than 1.3 million homes to be foreclosed in 2010 alone. Freddie Mac and Fannie Mae hold over one million foreclosed homes in their inventory.

The homes and properties Fannie Mae sells include single family homes, condominiums, and townhouses. This program represents a great opportunity for home buyers who are currently looking for a home a great chance to save money on closing costs.

INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
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A NEW CAR?

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COULD SAVE YOU THOUSANDS.
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HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

Septermber 14, 2010 (Chris Moore)

With a record number of foreclosures in its inventory, mortgage giant Fannie Mae has decided to institute a program it hopes will give home buyers incentive to buy from them. One can only wonder if other mortgage holders will consider similar programs to help reduce their foreclosed properties.

As part of the program to help speed up home sales and get their troubled mortgages off their books, the government lender is offering to pay closing costs for home buyers and paying real estate agents a bonus of $1500 after the home purchase closes.

Qualified home buyers who intend to live in the properties can get as much as 3.5% closing cost assistance. To be eligible for the credit, buyers must submit their offer after September 23rd and the transaction must close no later than December 31st 2010 or within 60 days of being accepted, which ever is first.

The program is in reaction to pressure exerted by lawmakers who are urging Fannie Mae and Freddie Mac to rid themselves of foreclosed properties and help speed up the housing recovery. Foreclosures are at an all-time high with more than 1.3 million homes to be foreclosed in 2010 alone. Freddie Mac and Fannie Mae hold over one million foreclosed homes in their inventory.

The homes and properties Fannie Mae sells include single family homes, condominiums, and townhouses. This program represents a great opportunity for home buyers who are currently looking for a home a great chance to save money on closing costs.

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

Septermber 14, 2010 (Chris Moore)

With a record number of foreclosures in its inventory, mortgage giant Fannie Mae has decided to institute a program it hopes will give home buyers incentive to buy from them. One can only wonder if other mortgage holders will consider similar programs to help reduce their foreclosed properties.

As part of the program to help speed up home sales and get their troubled mortgages off their books, the government lender is offering to pay closing costs for home buyers and paying real estate agents a bonus of $1500 after the home purchase closes.

Qualified home buyers who intend to live in the properties can get as much as 3.5% closing cost assistance. To be eligible for the credit, buyers must submit their offer after September 23rd and the transaction must close no later than December 31st 2010 or within 60 days of being accepted, which ever is first.

The program is in reaction to pressure exerted by lawmakers who are urging Fannie Mae and Freddie Mac to rid themselves of foreclosed properties and help speed up the housing recovery. Foreclosures are at an all-time high with more than 1.3 million homes to be foreclosed in 2010 alone. Freddie Mac and Fannie Mae hold over one million foreclosed homes in their inventory.

The homes and properties Fannie Mae sells include single family homes, condominiums, and townhouses. This program represents a great opportunity for home buyers who are currently looking for a home a great chance to save money on closing costs.

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WHAT TYPE OF MORTGAGE LOANS ARE AVAILABLE?
DO I QUALIFY FOR A GOVERNMENT INSURED LOAN?
WHAT CAN I EXPECT FOR A MORTGAGE INTEREST RATE?
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
CALCULATE YOUR MORTGAGE PAYMENT
BENEFITS OF REFINANCING YOUR MORTGAGE
ADVANTAGES OF GETTING PRE-APPROVED FOR A LOAN
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

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