FHA Home Loans And Rising Interest Rates
Many potential borrowers wonder why mortgage loan interest rates are rising? While it may be true that FHA rates may be lower than some conventional mortgage loans, in a rising mortgage rate...
View ArticleFHA ARM Loans
There are many types of different FHA loan products. You can apply for new purchase home loans, refinance loans, and even Home Equity Conversion Mortgage loans (HECM). But even with this variety of...
View ArticleWhy You Should Not Apply For An FHA Home Loan And Other Credit At The Same Time
Plenty of websites, books, and financial podcasts warn about managing your credit properly during the home loan application process. One bit of advice from many of these sites? Don’t apply for a car...
View ArticleHouse Hunting Advice For First-Time Home Buyers
When you start making plans to work with a realtor, there are some very good things to consider ahead of time. Checklists, online mortgage calculators, and other home-buying tools are only some of the...
View ArticleFHA Home Loan Approval And Debt Ratios
How is FHA home loan approval affected by your debt ratio? Your credit qualifications including FICO scores and credit history are very important factors in home loan approval, but the amount of debt...
View ArticleIs There An FHA Home Equity Loan?
A home equity loan is one using the equity in your home for the loan’s collateral. What is equity? It’s defined as the current value of the property minus what you still owe on the existing mortgage...
View ArticleFHA Rehab Loans: The Limited 203(k) Option
FHA 203(k) rehab loans include an option for smaller, less ambitious rehab projects. Borrowers who want a home loan to do rehab or repair work but don’t want to do a large project might assume FHA...
View ArticleBuying A Home When Interest Rates Are High
Are you considering your FHA home loan options? You aren’t alone if you’re considering the option of waiting to buy until mortgage rates drop from current highs. How high have the rates gone? In the...
View ArticleImportant Features To Consider When Shopping For A New Home
Are you new to house hunting? There are things to look for when considering homes to buy with an FHA mortgage. These are features that often may enhance the home and make it more efficient. Once you...
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