to lending specifications set by Fannie Mae and Freddie Mac, meaning that Fannie or Freddie will purchase the loan with the lender, Therefore the lender doesn’t need to wait around 30 decades to collect the full number of the loan. With the FHA mortgage, the government insures a loan https://socialbuzzfeed.com/story14510528/5-simple-statements-about-top-mortgage-lenders-explained