The Federal National Mortgage Association (FNMA) — more commonly known as “Fannie Mae” — offers non-biased home buying advice on their Web site.

If you prefer your home buying advice with a side of blandness, Fannie Mae’s Becoming a Homeowner section is sure to satisfy.

Originally founded in 1938, Fannie Mae’s role in the home buying process is to help make mortgage money available to those who need it. The government-sponsored agency is not a direct lender to consumers, though, which is why its advice can be considered impartial, or non-salesy.

Wikipedia has a more complete explanation of Fannie Mae, if you are interested.

The Fannie Mae Web site includes articles, calculators and worksheets that can help you learn about homes and set a realistic home owner’s budget for yourself. The site also explains different types of properties and what to look for when shopping for homes.

One caveat: although the advice offered is still sound, the FNMA Web site as not been updated in two years. Mortgage markets evolve fairly quickly so the information provided may be incomplete, at best. It’s still a good place to get started, however.

This entry was posted on Monday, May 21st, 2007 at 2:33 pm and is filed under Cincinnati Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.