New Home Buyer Tax?
Beginning September 7th, the cost of mortgage insurance on FHA loans will be increasing. FHA loans only require 3.5% down payment which makes them a preferred loan for most first time home buyers. To avoid the increased mortgage insurance and higher mortgage payment, you must have your FHA case number assigned prior to this change. [...]
Which Loan Is Right For You? Part Three… FHA Loans
The last option that I want to discuss is the FHA loan. This loan through the Federal Housing Administration has come a long way. This loan used to be very difficult to obtain with lots of paperwork and very strict repair standards. This is no longer the case. Now FHA loans can easily compete with [...]