I might venture a guess that better than half of all home buyers, and a great majority of first-time buyers, choose an FHA mortgage. Home loans come in a variety of flavors but the FHA loan, insured by the Federal Housing Administration, offers benefits not found in most other options, not the least of which… Read More
Low Down Payment
20 Percent Down is Nice, but NOT Mandatory
20 Percent Down is Nice, but NOT Mandatory Due to misunderstood government regulations instituted in the past two or three years that were meant to stabilize the housing market, many folks are under the impression that they must have 20% down to buy a home. This is categorically untrue. Not only do 3.5% down FHA… Read More
Renter’s Dilemma… Accept Rising Rents or Save for a Down Payment?
Renter’s Dilemma… Accept Rising Rents or Save for a Down Payment? I’ve demonstrated to several rental clients recently, that owning a home will likely cost them less each month than renting. As a matter of fact, hundreds less for two new Renters-Turned-Home Buyers. There seems to be a misconception (perpetuated all over the web and… Read More