What is an FHA Mortgage?
An FHA mortgage is a home loan insured by the Federal Housing Administration. The FHA does not provide money directly to borrowers; rather they insure the mortgage against a default. This makes Federal Housing Administration borrowers particularly … [Read More...]
How to Spot Check on Your GFE
Within three days of receiving your loan application, your lender must give you a good faith estimate that clearly describes the terms and fees for mortgage you selected. As of January, 2010, HUD provided a standard three-page form to make it easier … [Read More...]
How to Shop for the Best Mortgage
Most people who are in the market for a new car would never dream of going to only one dealership, yet those same people often neglect to shop around to find the home loan that works best for them. If you are in the market for a new home loan, try … [Read More...]
10 Steps to a Smooth Mortgage Process
Going through the process of getting approved for a mortgage loan can be intimidating, but there are a few things you can do to make sure the whole process goes as smoothly as possible. 1. Familiarize Yourself with the Mortgage Process Do some … [Read More...]
Home Buying
Why It Is So Important to Get A Home Inspection
When purchasing a home it is essential that you protect your investment. One sure way to accomplish this is to have a home inspection of the property. It is one way to point out flaws and let you know if you are making a sound investment. When do I get one? Once you have a… Read More
The Top 10 Websites to Help You Check the Value of My Home
It’s probably the question everyone wants to know, how much is my home currently worth? With recent struggles in real estate values and buying or selling your single largest purchase, for some, we gathered a list of online resources for you. Let’s take a look at several website online tools helpful in calculating value. Now… Read More
Renting vs. Buying
Deciding whether to rent or buy a home is an important decision. Since there is so much to take into consideration it is best to have all of the facts to make an informed decision. When you rent you have to look at it from a monetary standpoint, as well as from other aspects. First,… Read More