Loan Product Advisor

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Freddie Mac extends appraisal-free mortgage program to purchase loans

Aug 18, 2017By

Freddie Mac announced it is extending its program which cuts appraisers out of the mortgage process to purchase loans in order to create a better experience for lenders and homebuyers. The company estimates this could save borrowers an estimated $500 in fees and cut closing times by about 10 days.

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

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