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guaranteed or r HA-insured loans by paying certain fees. This guarantee is backed by the Government. The securities can be sold to investors at good yields. The purpose of this program is to level out the supply of mortgage funds. In the past, these funds have reacted to increase in interest rates.
Ginnie Mae is an interesting program and presents excellent prospects as a way of helping to solve this country’s needs for more and more housing.
If there is anything we can do to help you in the field of real estate, please phone or drop in at EILEEN M. DAY, realtor, the Clopton House, Washington, Va. 22747. Phone: 675-3400. We’re here to help.
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