Guide to FHA Loans
What is the FHA? The Federal Housing Administration was created in 1934 during the great depression. It was created to combat trouble in the housing industry consisting of skyrocketing default and foreclosure rates, high down payments and impossible mortgage terms for ordinary wage earners. As a result, only 1 in 10 people owned their own […]
FHA Vs. Conventional Loans
Which Type of Mortgage is Best for Me? When looking for a mortgage, understanding the different loan options available can be challenging. Different situations work best with different products and the type of loan you get influences your terms, rate and qualification requirements. Here, we will look at the differences between FHA and conventional loans […]