Is there anybody here who has some experience with the use of guaranteed mortgage certificates? I understand that this can be a good solution for some Freddie Mac users, and I would be more than interested in finding out how they work in practice. Any information would be great. Thank you for your comments.
Well, the conventional, usual Freddie Mac mortgages are resold (to investors) through the guaranteed mortgage certificates, which is referred to as a "pass through". The guaranteed mortgage certificates are sold in pre fixed principal amounts and interest as well as principal payments are made once in a while (once a year in one case and once in two years in the other)
