Family Equity Financing: that loan supported by the value of a home (home)
GSE: abbreviation having authorities-paid organizations: a set of monetary features organizations shaped because of the Us Congress to minimize interest rates getting growers and homeowners. For example Federal national mortgage association and you may Freddie Mac computer.
Ginnie Mae: Authorities National Home loan Association (GNMA); a government-had corporation tracked by the You.S. Agency out-of Casing and you can Metropolitan Innovation, Ginnie Mae swimming pools FHA-covered and Va-secured loans to back ties to have private resource; like with Federal national mortgage association and you can Freddie Mac, brand new money money brings capital that will upcoming be lent so you’re able to qualified borrowers from the lenders.