Homeownership Campaign Launched in Miami

Freddie Mac and Chase Home Finance have launched a campaign in Miami to debunk misconceptions about homeownership that are believed to be stopping financially able families from considering buying a home.Collaborating with Freddie Mac and Chase in the "Homeownership. Let the TRUTH Move You" campaign are the Housing Finance Authority of Miami-Dade County, the Miami-Dade Affordable Housing Foundation Inc., and the National Association of Hispanic Real Estate Professionals - South Florida. Freddie Mac said its research has found that nearly half of African-Americans and Latinos believe that they need a 20% downpayment and nearly perfect credit to buy a home. In addition, more than half believe that they must have the same job for at least three years to get a loan, Freddie said. Freddie Mac can be found online at http://www.freddiemac.com.