Should You Accept An FHA Offer As a Home Seller?
You want to sell your home fast. Will an FHA offer derail your plans if you accept? Let's find out.
21 hours ago 6 MIN
You want to sell your home fast. Will an FHA offer derail your plans if you accept? Let's find out.
New homebuyers can access an FHA or conventional loan with the same lender, but not always. Here's what to ask your lender.
FHA loans are a fantastic homebuying program. They allow many buyers with lower credit scores and incomes to buy a home. But are there downsides to these loans?
Many people assume FHA loans are a bad deal, but they are the most advantageous type of home loan for many buyers.
Private mortgage insurance, or PMI, is likely the least understood aspect of homebuying.
Far Rockaway Village in New York is the kind of housing Fannie Mae wants to invest more in: Homes that low-income people can afford in their own neighborhood.
Construction data shows outlying counties of smaller metro areas experienced a 20.7% growth rate. Somewhat more dense small metro core areas posted a smaller 15.7% annual growth rate.
ARMs are looking better and better after 30-year fixed rates touched a 20-year high.
Opting for an ARM instead of a fixed-rate mortgage can be a good strategy if a homebuyer doesn't plan to stay in the house for more than five to seven years.
Whether mortgage rates decline or by how much remains unknown and depends largely on how many hikes the Fed will make in its drive to curb high inflation.
“A surprising bounce back in new-home construction is welcome,” said Lawrence Yun, chief economist of the National Association of Realtors.
FHA often comes with lower mortgage rates than conventional loans -- sometimes much lower.
You might be surprised how affordable FHA mortgage insurance is compared to conventional PMI.
Don't wait until you find your dream house to check your credit reports for errors.
Having a good credit score gets you a better mortgage interest rate, lower fees and, if you have less than a 20% down payment, cheaper PMI.
