ARCHIVED BLOG POSTS
October Third 2015 new rules will govern Real Estate transactions that involve financing.As buyer you will see more clarity, because your lender has to disclose all the numbers (closing costs) to you at the beginning of the process. New rules will allow more time for buyers to review those number...
Appraisal could be deal breaker. Of course that is true in any Real Estate transaction where lender is involved. But in FHA stakes are a little bit higher. Do not forget that you are borrowing 96.5% of the house value. So both: bank and government (who insures loan for your lender) want to make s...
You can’t buy property with FHA financing to use it as vacation home or investment property. Government (Federal Housing Administration) insures loan for lender, because lender is taking great risk giving you loan with only 3.5% down payment coming from you. So this loan can be used only to pu...