You might think it’s strange that I’m creating a 2010 checklist for FHA loans, since it’s only October 2009. But it actually makes a lot of sense. If you plan to buy a house next year, and you want to use an FHA home loan to pay for it, you need to start preparing right [...]
FHA home loans are surging in popularity lately, and for obvious reasons. Many first-time home buyers do not have much money saved up for a down payment, so they use FHA loans to finance their first home purchase. When you combine the benefits of these loans with the hard economic times we are in right [...]
Are you in the market for home refinancing? If so, you’ve probably heard a lot about FHA mortgage refinance in the course of your research. In this article, I’ll talk about your FHA refinancing options and how they can be used to get a lower interest rate on a mortgage loan.
First of all, you need [...]
Reader Question: “We are in a position to buy our first home, but we’re not sure whether to buy now or wait until the interest rates go lower. Is there any way to know how low mortgage rates will go in 2009?”
If you ask twenty different mortgage or real estate people this question, you’ll probably [...]
Reader Question: “I plan to buy a home later this year, and it will be my first real estate purchase. What are the basic steps to buying a home for the first time? I’m mostly interested in how to get started.”
Since you’re most interested in the beginning of the process, I’ll outline all of the [...]