Fannie, Realtors Launch Homebuyer Ed

A "Borrow With Confidence" homebuyer education campaign has been unveiled in Franklin, Tenn., by Fannie Mae, the Tennessee Association of Realtors, the Williamson County Association of Realtors, and Rep. Marsha Blackburn, R-Tenn.Fannie Mae said BWC "puts Realtors at the forefront of preventing unwarranted high-cost lending," through a multifaceted education campaign that it says will ultimately help homebuyers get the best mortgage financing they qualify for and expand homeownership opportunities throughout middle Tennessee. The campaign was first introduced last year in Texas by the National Association of Realtors. "Realtors have the closest professional relationship with the local homebuyer and are often the primary source of information for consumers when shopping for a mortgage," said Sandra Gilley, president-elect of TAR. "Now TAR members can help homebuyers obtain competitive rates appropriate to the buyer's credit qualifications." BWC will help Realtors promote consumer awareness about seeking out responsible lenders, educate them about the mortgage process, and ensure that Realtors know about low-cost flexible mortgage loans and are committed to offer competitive rates.