what to know: What you need to know before you get a Mortgage
- 10/12/15 12:47 AM
Determined to get a great buy and save money when you purchase a new or resale home or condominium? Most of your "money" challenge rests, not with the purchase price, but with the cost of borrowing money to buy. Saving a few thousand on the purchase price, but jumping into a mortgage without any research may mean that apparent purchase savings disappear into massive accrued interest costs. The cost of borrowing someone else's money to buy a house or condominium can add interest and other charges that result in you paying two or three times the original purchase price after a … (0 comments)
what to know: FHA Sets Minimum Property Standards for 2014
- 01/23/14 01:52 AM
FHA or the Federal Housing Administration is the country's larget insurer for home loans. It has insured over 34 million homes since its inception adding up to a total of $1 trillion worth of loans. FHA loans are quite popular too. One of that reason is that it only needs a smaller downpayments in comparison to Fannie Mae & Freddie Mac. Another one would be mortgage rates in this loan type is considerably lower than other options. More info about FHA Loans here. Basically it's more popular because it's less strict when it comes to credit, income, and assests reviews. However … (0 comments)
Determined to get a great buy and save money when you purchase a new or resale home or condominium? Most of your "money" challenge rests, not with the purchase price, but with the cost of borrowing money to buy. Saving a few thousand on the purchase price, but jumping into a mortgage without any research may mean that apparent purchase savings disappear into massive accrued interest costs.
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