Common Mortgage Questions - 06/20/12 05:56 PM
Veterans Affairs (VA) This is a 30 year mortgage that is available for qualified veterans, reservists and active-duty personnel and their eligible spouses. This mortgage may be the right choice if you want: 1) To buy a home with no down payment and no Private Mortgage Insurance. 2) VA funding fee is much less than having to pay PMI. 3) A loan that can be assumed by other eligible veterans. Federal Housing Administration (FHA) Loans Provides a variety of loan options from fixed-rate to adjustable-rate mortgages. A good option for first-time homebuyers. This mortgage may be the right choice if you: … (0 comments)