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FHA Loans vs Conventionals Loans - Things you should know about even with 10% down - 9-19-09
Among the nearly 160,000 bloggers in the Active Rain Real Estate Network, the authority on FHA mortgages has to be Jeff Belonger of Cherry Hill, NJ (my old stomping grounds.)
If you're looking for a loan in Arizona, please click my profile link right here, and I'm glad to help you.

Mike in Tucson
 

 
FHA loans seem to be one of the main choice of mortgages in the last 12 months or so. There are many reasons for this. And FHA loans will definitely be the main choice for anyone buying a condo now. More on that later.. What I hate hearing is that FHA mortgages have taken the spot of the subprime loans. This is not true by any part of the imagination. This statement is from those that are inexperienced in both the mortgage and the real estate industries. The realization has been that 30% of the subprime mortgages from 2002 to 2006, should have been FHA mortgages, not subprime.
 
To compound this, so many said just because you had a conventional loan, you had the better loan. This was not always true when putting 3% or even 5% down. In most cases, you ... more

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