Government FHA Programs

The Federal Housing Administration (FHA) includes a number of mortgage programs. The most common is the FHA-insured mortgage application. Others comprise assistance mortgage programs. A number of them even include money grants based on a tough amount or a portion of their mortgage. There are applications offered. These comprise no money down, 100 percent funding […]

How Can I Buy a Home?

You are able to sell your existing home and buy a new home using a reverse mortgage, even if you have bad credit. A reverse mortgage is a home loan particularly for homeowners age 62 or older, and is secured by home equity–the percentage of your home’s market value which you have free of other […]

What Fees Are Associated With a Home Equity Loan?

Because various fees are related to taking out a home equity loan, borrowers must compare the fees of different lenders to find the most affordable loan. The Federal Trade Commission recommends comparing interest rates, annual percentage rates, points and other fees when looking for the best deal. Consumers are advised to have a peek at […]

About First-Time Home Buyer Loans

First-time property buyers would appear to fall to a well-defined and very clear category. Still, the definition from a home mortgage standpoint indicates a more liberal interpretation. Most first-time home buyer loans are targeted on the authentic new home owner, but also permit some previous homeowners to participate both. History Until the previous 20 years, […]

The Way to Calculate an FHA Loan

Loans insured by the Federal Housing Administration, or FHA, require more calculations than any additional mortgage loan. They always require a mortgage insurance premium, or MIP, which is usually financed into the loan amount. After the down payment is subtracted That is figured. FHA loans also have a monthly MIP amount that’s added into the […]