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The Jackson Team, REALTOR®, real estate agents and broker for Clintonville Ohio home listings, property and land for sale - NUMBER1EXPERT(tm)
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Finding Your Dream Home: Clintonville Ohio home buying, real estate listings, and homes for sale in Franklin                       County, OH
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Real Estate Tips
Financing Your Home >Home Buyers Education

As the number of mortgage lenders increases, competition forces lenders to get more creative in finding ways to lend people money. This often takes the form of giving homebuyers a "break" in the down payment. The downside of this approach is that statistically, the smaller the down payment, the more likely the borrower will default. Lenders have put together an education program to prevent delinquencies, which fills a much-needed gap in the increasingly complex world of home finance.

Home buyer education classes focus on a variety of money management topics, including all the costs connected with obtaining and owning a home. One lender got together with FANNIE MAE (a government-sponsored loan guarantor) to launch a 3 percent down payment loan which requires participation in this education course. Other lenders have shown a decline in the default rate with five percent loans that are associated with similar education courses.

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Real Estate Trivia
Q 
Who is "Fannie Mae" and why is she a big name in real estate?

A 
"Fannie Mae" is the real estate industry nickname for FNMA, or Federal National Mortgage Association, the stockholder-owned corporation that purchases mortgages from mortgage lenders.
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The Jackson Team, REALTOR®, real estate agents and broker for Clintonville Ohio home listings, property and land for sale - NUMBER1EXPERT(tm)

The Jackson Team
Keller Williams Capital Partners Realty

500 W. Wilson Bridge Road, Suite 260
Worthington, OH 43085
614-888-1000
614-431-1220
Fax: 614-888-3880
Email: realtorjoe@earthlink.net

Joe Jackson and his team are some of the top-selling Realtors in the Clintonville,Beechwold and University areas. Licensed since 1979, Joe’s hard work and dedication have earned him the Columbus Board of Realtors 25 Million-Dollar Award, a Hall of Fame Award, and the Columbus Board of Realtors volunteer service award.

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Keller Williams Capital Partners Realty real estate and homes for sale in Clintonville Ohio

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