First Time Homebuyers purchase 33% of all homes sold. The median age for this group is 31, and their median income is $67,800. Repeat buyers purchase 67% of of homes sold, they are 50 years of age and earn $107,100. Where do you fit in?
Tag: Money
Money, Money, Monnnnn…….ney
Have you ever wondered about programs like Fannie Mae?…. which appears to be the most widely used. Just in case you want to know……… Fannie Mae stands for The Federal National Mortgage Association, abbreviated as FNMA or “Fannie Mae”. The Government National Mortgage Association, abbreviated GNMA and known as “Ginnie Mae” and the last one is “Freddie Mac” which stands for Federal Home Loan Mortgage Corporation and abbreviated FHLMC. All of these programs are a part of the secondary market lenders and facilitate the movement of funds from state-to-state.