Are your children familiar with Fannie and Freddie? If they grew up in real estate family like my sister and I did, I bet they would be familiar with them.
Real estate must be in my blood. I’m 4th generation in real estate and haven’t escaped it, no matter how hard I tried – college, law school, practicing law, etc.
Mom started her first mortgage company when I was 6, and she was always talking about Fannie and Freddie. I remember asking her once why she never invited Fannie and Freddie over for dinner.
She was momentarily nonplussed, then started laughing realizing that I was referring to Fannie Mae and Freddie Mac. She then had to explain to her seven year old that Fannie and Freddie were not real people. Since I always had more questions, she had to try and explain to me in the simplest terms who, or rather what, Fannie and Freddie were; she also decided she might as well throw in Ginnie Mae while she was at it?
So, my question to you is do your children think Fannie and Freddie should be joining you at the dinner table?
If you’re thinking about buying or selling a home in Orange County and you want to more about Fannie and Freddie or just want a consultant on your side who has “known” them since childhood, please give me a call at (714) 319-9751.