When you’re buying a home, it’s important to understand the different types of mortgages available to you. Here we’ll break down five of the most common types of mortgage loans. Keep in mind that each type has its own benefits and drawbacks, so be sure to do your research before deciding on a mortgage. 5 […]
What Will My HUD Appraiser Look For If The Property Is Going Through An FHA-Insured Loan?
Are you considering an FHA loan? Are you curious about what an FHA appraiser will be looking for when they appraise the property? Primarily, an FHA appraiser will check out the foundation, lot grade, mechanical systems, heating, ventilation, electricity and (if the home has one) the crawl space. This won’t be a normal home inspection. […]
How Lower Mortgage Rates Change The Market & The New Unpredictable
Mortgage rates are holding low. If you’ve been paying attention to rates, they’re still very comfortable for home buyers. This encourages a few things. When we see lower mortgage rates, we see home prices rise and more home sales. This year in February, the National Association of Realtors (NAR) showed a slightly different thing though. […]
What’s The Scoop With The FHA Loan Program?
Have you heard of the FHA Home Loan Program? The FHA is the Federal Housing Administration. The FHA helps first-time homebuyers more often than any other program. The requirements for qualification for the FHA Home Loan Program are more flexible than other loan programs. Here are the requirements for qualification: The property you buy with […]