FHA loans allow lower credit scores than conventional mortgages do, and are easier to qualify for. Conventional loans allow slightly lower down payments. Fha loans are insured by the Federal Housing Administration, and conventional mortgages aren’t insured by a federal agency. Both types of loans have their advantages for anyContinue Reading
If you have mortgage and seeking cancellation of debt then read this article? Sometimes debts can pile up beyond a borrower’s ability to repay, especially if we are heading into a recession. But lenders are sometimes willing to cancel (forgive) debts that are owed by financially challenged borrowers. Continue Reading
Yes that correct Mortgage Rates Increase By 1% a Buyer Loses 10% in Affordability! Did you know that with every 1% rise in rates, the buyer loses 10% in affordability. It is now very important that buyers understand that rising interest rates will eat away any savings they could get from waiting for pricesContinue Reading
