 TITLE: What Is a Freddie Mac Home Possible Loan? CONTENT: Are You Prepared for the Mortgage Process?\n------------------------------------------\nBuying a home is a complicated process. So is applying for a mortgage. If you're getting ready to submit your mortgage application, pull together some basic financial information. Your prior year tax returns and a recent pay stub can help you confirm your monthly income. Firm up arrangements for down payment money and put it in a safe place like your savings account until you're ready to open escrow.\nEven if you're early in the home buying process, it's important to check your own credit. Although Home Possible loans have a workaround for applicants who don't have credit scores, having a credit score of 660 or higher will simplify your application process. You can download your credit report and score from all three credit reporting agencies for free at AnnualCreditReport.com, or get your Experian credit report and score for free anytime. By acting early, you'll know whether your credit score might qualify you for this loan and can work to improve your credit if necessary. END