Skip to content

Category Archives: Mortgage

Who are Ginnie Mae, Freddie Mac and Fannie Mae and what do they do?

28-Oct-07

If you find this helpful, please vote for it at Millionaire Mommy Next Door before Nov. 4, 2007. Thanks!
This reader question is especially timely given the turmoil in the mortgage markets the last three months:
Who are Ginnie Mae, Freddie Mac and Fannie Mae and what do they do?
Freddie Mac and Fannie Mae are the [...]

Filed in Financing, Mortgage, Real Estate | Comments (0) »

What is the average loan amount for $50,000 income with good credit?

19-Oct-07

One reader wanted to know the “average” loan amount for a household with good credit and an income of $50,000. This is a great example as $50,000 is pretty close to the national median household income of $48,201 in 2006. If your household income is lower or higher than $50,000, just multiply all the [...]

Filed in Financing, Mortgage, Real Estate | Comments (0) »