fha mortgage loans: What You Need To Know About Home Loans - 10/13/11 04:20 AM
A loan is basically one of the financial tools used as a source of capital for starting up a business, injecting into the core capital of a running business or for buying something either for personal use or business use. Loans can be broadly classified as personal or business loans. Home loans fall under the personal category. Home loans are also known as mortgages.
 
A secured home loan means that it is secured by the equity value of a borrower's place of residence. This means that failure to pay will result in the financial institution repossessing the place and selling … (0 comments)

fha mortgage loans: Factors To Consider When Applying For Home Loans - 09/22/11 11:02 AM
Throughout their lives people make countless purchases, ranging from small items to larger ones. The sums of money paid range from a few cents to thousands. The largest purchase most of us ever make is the property where we intend to live. Such a purchase calls for a very large sum of money, and as a result most people have to resort to a mortgage. There are plenty of banks and financial institutions which offer various home loans. Let us consider a number of factors one should take into account when looking for such a mortgage.
 
First of all it … (0 comments)

fha mortgage loans: Seeking Out The Benefits Of FHA Mortgage Loans - 06/28/11 04:18 AM
Every day you can read about all the foreclosures on the market. This has many people wanting to buy homes. Some are first time home buyers or others wanting to upgrade a current home. For those people, there are great benefits of FHA mortgage loans. 
These mortgages are not made or carried by FHA. The strictly will take applications to process them. Underwriters then come in to actually close all financing. These mortgages have government backing through the FHA program. 
There are very low down payments required with this financing with government backing. Many first time buyers will be able to … (0 comments)