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Freddie Mac announces fixer-upper mortgage 

Jun 19, 2019By

Freddie Mac is launching a new mortgage product that allows borrowers to buy a fixer-upper and finance the renovation all with one loan. The government-sponsored enterprise announced its new CHOICERenovation loan product on Wednesday, saying it’s available immediately to all approved lenders. The new product has a unique feature: it can be used to address or prevent damage from natural disasters.

3d rendering of a row of luxury townhouses along a street

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