The purchase of a house that needs repair is often a catch-22 situation, because the bank won't lend the money to buy the house until the repairs are complete, and the repairs can't be done until the house has ...
Times have changed and unlike a few years ago, it is not easy to sell a home in today's depressed real estate market. If you are not in a position to stay in your home and "wait out the storm", you must be...
FHA Home Loan Financing and Benefits FHA home mortages have many advantages from lower downpayments to stronger protections.
Benefits of an FHA insured Mortgage
How can the FHA help you buy a home? FHA...
Find out the possible advantages and disadvantages of an owner-financing arrangement for both the home seller and potential buyer.
If you’re considering entering into an owner-financing arrangement for...
There are two possible scenarios when considering an FHA refinance. Both of these scenarios are based on what kind of current loan you are trying to refinance.
FHA Refinance First Step
The first step in...
A reverse mortgage is special type of loan for senior homeowners that use a home's equity as collateral and you do not have to repay the loan as long as this home remains your principal residence. Because a...
Homeowners seeking mortgage help through loan modification programs such as HAMP and HAFA, may face another issue—lower credit scores.
Loan Modification and Credit Scores
Homeowners on the verge of...