Freddie Mac announces fixer-upper mortgage

Freddie Mac announces fixer-upper mortgage
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.
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