fha mortgage alternative: Conventional Program is STRONG alternative to FHA Mortgages!
- 02/20/18 01:13 PM
Many prospective homebuyers are being hit with a few harsh realities. The first, finding a home that is affordable is hard, especially finding an older one that you might want to fix up and build equity into. The difficulty is compounded when you try to buy it with an FHA mortgage, which is a great program, but it does have certain "unflexible" components that dictate the physical condition of the home and it NEVER goes away! (FHA Mortgage Insurance is paid at closing AND every month inside your payment, until you pay it off!) Well, Fannie Mae has a mortgage product that a number … (0 comments)
Many prospective homebuyers are being hit with a few harsh realities. The first, finding a home that is affordable is hard, especially finding an older one that you might want to fix up and build equity into. The difficulty is compounded when you try to buy it with an FHA mortgage, which is a great program, but it does have certain "unflexible" components that dictate the physical condition of the home and it NEVER goes away!
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