Advantages of FHA Loans: Why FHA Loan to Buy a House in the US
Homebuyers favor FHA loans due to their more flexible credit qualification requirements and lower down payment requirements, which lower the cost of homeownership. Additionally, you can purchase rental or investment real estate with FHA loans. But there are two key limitations to be aware of. First, there can be no more than four rental units […]
What Types Of Homes Eligible For FHA Loans? Home Loans Requirements
You may have heard that the kinds of properties you can buy with an FHA loan have higher standards. Many people even believe that FHA is only available for complete single-family homes. You might be surprised to hear that FHA home loans are eligible to buy a wide range of homes, such as condos, fixer-uppers, […]
Non-QM Loans Explained: A Guide to Non-Traditional Mortgages
Only some things are simple when it comes to mortgages and house purchases. Is there an alternative if your situation makes it difficult for you to be approved for a traditional mortgage? Non-QM loans are available outside the standard mortgage market. It can be a fantastic alternative if you’re experiencing difficulties obtaining conventional financing. Non-QM […]
30-Year Fixed Mortgage vs. 15-Year Fixed: Which is Better for You?
Your household budget’s most oversized line item will likely be your monthly mortgage payment. The type of mortgage you select, especially whether it’s a 15-year or 30-year mortgage, will affect the amount of your monthly payments. While a 30-year plan reduces your monthly payments but eventually costs more in interest, a shorter schedule necessitates larger […]
First-Time Home Buyer Guide: 10 Essential Tips Before You Buy
It’s time to make the big move and purchase your first home because you’ve decided you’re ready to stop renting. But are you, really? It helps to be ready before you begin the process because a house might be the largest purchase you make in your lifetime. Before you are tempted by real estate listings […]
