Created in the 1930’s in response to the depression-era rash of foreclosures, the FHA mortgage loan has been used to finance the purchase of American homes for nearly 100 years. An FHA loan is a mortgage insured by the Federal Housing Administration, (FHA) is still among the most popular and convenient ways to finance the […]
How Long Does It Take to Get A Second Mortgage?
Owning a home can get expensive. It’s not just the initial cost that most people find weighing heavy on the budget, but the ongoing maintenance to keep the home running in top shape. Sometimes, the best way to keep your home in good condition is to renovate and improve certain areas of the home. Furniture, […]
Is Mortgage Insurance Tax Deductible?
The FHA mortgage program is a government-backed mortgage loan program that is insured by the Federal Housing Administration, or FHA. FHA loans are especially popular with first-time homebuyers because they require lower minimum credit scores and down payments than many conventional loans. FHA borrowers must pay for mortgage insurance to protect the lender from losses […]
How Does My Credit Score Affect My FHA Loan Application?
Many people who have rented for far too long dream of finally becoming homeowners. For most, finding the home of their dreams and no longer being forced to spend thousands of dollars in renting apartments is a life worth living. However, before you are ready to apply for your first home loan, there are important […]
Good Neighbor Next Door vs. Teacher Next Door Programs
Homeownership is the American dream. Unfortunately, many families are unable to afford the down payment, closing costs, and related fees without help. The Good Neighbor Next Door program and the Teacher Next Door program are two types of housing programs available for eligible candidates. A first time home buyer program can help people acquire low-interest […]
