Buyer Education & Mortgage Calculators
The Federal Reserve Board maintains a web page with consumer information, including a section on home mortgages. The section covers topics such as finding the best mortgage and understanding ARMs. They also provide consumer brochures, guides and booklets on numerous topics related to banking and mortgage loans.
Freddie Mac is a publicly held corporation chartered by Congress to increase the supply of funds that mortgage lenders, such as commercial banks, mortgage bankers, savings institutions and credit unions, can make available to homebuyers and multifamily investors. This Freddie Mac site offers a step-by-step tutorial on the home buying decision process and the mortgage application process.
The Mortgage Bankers Association of America is the preeminent association representing the real estate finance industry. Their consumer information site contains several tools and guides to aid in purchasing or refinancing a home.
What happens after you complete the purchase process? This U.S. Postal Service site provides all kinds of tools and tips to help make the moving process easier.
U. S. Department of Housing and Urban Development website provides extensive information about buying a home including affordability, borrower's rights, tips and tricks for shopping for a loan, and details about different home buying programs including FHA loan programs and other special programs.
The MGIC Home Buyer Education site helps prepare new home buyers for the experiences of choosing a home, obtaining financing, and managing a budget. A certificate of achievement may be obtained to fulfill requirements for numerous mortgage programs.
Consumer oriented website to help understand financial products and services.