13 May Freddie Mac Providing Free Online Finance Training for Homeowners
CreditSmart was created with new and existing borrowers in mind, offering an online portal where they can learn more about building personal credit, creating a robust savings account, and making all around better financial choices based on their personal situations.
Christina Diaz Malone, VP of corporate relations and housing outreach for Freddie Mac, said, “Our new online CreditSmart tutorial is a stepping stone to homeownership, especially for working families who are unsure how to start household budgets or build the personal savings and strong credit for the future. Today’s announcement underscores Freddie Mac’s commitment to help America’s next generation of borrowers achieve long-term financial stability.”
Thus far, more than 3,000,000 homeowners in 44 states have taken advantage of CreditSmart. The curriculum is available via nonprofit organizations, lenders, schools, churches, and other outlets.
What makes CreditSmart so effective is that the online tutorials and modules are convenient and can be accessed by borrowers when they see fit. Curriculum topics were designed with current and potential borrowers in mind, and include everything from obtaining a mortgage and budgeting to closing a loan. Additionally, current homeowners can work on other modules that address topics like avoiding foreclosure and maintaining their home.