The only freeware I'm aware of that can record & edit, is Audacity (free & open source) - click on link & you'll need to downld the program, manual, & plug-in enabler, separately from their site. (You'll also find links to 3rd party plug-ins for cleaning up sound.) It's not a bad program considering its abilities & is better than many similar capacity sharewares. It also accepts VST plug-ins. With Audacity you can open & save into mp3 or wav or ogg vorbis formats. Initially, you would save your recording into wav as this is a lossless format that doesn't lose quality when you save into it or resave into it.