FHA loans in many cases are much better than conventional loans. I have made this statement several times recently because I am tired of listening to loan officers, realtors, and the average consumer get all excited because FHA mortgages are back. People, they never left. FHA loans are not the new subprime mortgages.
FHA loans have been around since 1934. And why are they much better than conventional loans? I can make this statement if your credit score is below 680 and especially if you are putting 10 percent or less down.
Overall, it's not rocket science to figure this out. The reason why so many consumers are led down the wrong path sometimes is because either the loan officer doesn't know how to handle the credit aspect of FHA loans or because their mortgage company is not FHA approved.
Come see how you can save $272 per month on FHA loans - what a great deal.... (clicking onto this link will show you the secret to a much lower payment)
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For all of your mortgage needs and for more information on FHA loans, please go to this link. The FHA Expert
For more information on how you can obtain your dream home, please click here : Mortgage Financing Options
For important mortgage insight to watch for, please read : Consumers need to be aware of these Red Flags !!!!!
Copyright © 2008 by Jeff Belonger
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