Differences Between FHA, VA, and Conventional Mortgages
Comparing your loan options is a good idea, even if you don't plan to apply for a VA or USDA loan. Do you know why? FHA Mortgages vs. VA Mortgages The similarities between these two mortgages include the fact that they are both government-backed, and that they both have more forgiving credit require
Need to know how much home loan you may be able to afford?
THE SUM OF A FHA LOAN MONTHLY MORTGAGE AND MONTHLY TAX PAYMENTS MUST BE LESS THAN 31% OF THE GROSS (PRE-TAXES) MONTHLY SALARY. THE SUM OF THE MONTHLY MORTGAGE, MONTHLY TAX AND ANY MONTHLY DEBT PAYMENT MUST BE LESS THAN 43% OF THE GROSS (PRE-TAXES) MONTHLY SALARY.
Home appraisal & home tips for you of how much your house be worth "read below"
After you sign a home purchase agreement the contract between you and the seller about the terms of the pending sale and before your lender approves your loan, the home you’re buying must pass an appraisal. That's an assessment of the property’s value by an unbiased third party: the appraiser. An ap
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