home loans: Why Your Home Mortgage Is About More Than Interest Rates
- 06/09/17 12:29 PM
Buying a home? Then odds are, you're going to need a home mortgage loan. When most folks think about mortgages, their mind goes to current interest rates. Here's one reason why your home mortgage is about more than interest rates. From 'interest rates' to 'down payment' to 'debt-to-income ratio'... there are so many terms involved in the mortgage process. It can be hard to learn them all and keep them straight. Of all of them, the term 'amortization period' might be one of the most important terms associated with your financial well-being. If you're currently considering what length period of loan you should choose, … (1 comments)
home loans: Drop in FHA Mortgage Insurance to Benefit Home Buyers
- 01/09/17 02:58 PM
What is an FHA Mortgage Loan?Before we get to the great news about FHA MIP, let's cover what an FHA loan is. An FHA loan is a mortgage loan insured by the Federal Housing Administration (FHA). Frequently, an FHA loan is a great alternative for individuals who may not qualify for a conventional mortgage loan due to, say, a lower credit score, or little funds for a downpayment. FHA loan requirements are less strict in an attempt to give as many people as possible the opportunity to purchase a home. The trade-off of going the FHA route is usually a higher interest … (0 comments)
Buying a home? Then odds are, you're going to need a home mortgage loan. When most folks think about mortgages, their mind goes to current interest rates. Here's one reason why your home mortgage is about more than interest rates.
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