When can you close on your FHA mortgage?
From application to closing can vary for many reasons. Watch this video to learn how long it can take to close your FHA mortgage.
Home » Gov't Programs » FHA
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Benefits of an FHA Refinance.
Wondering if FHA is right for your refinance? Maybe you tried to refinance on conventional but that didn’t work out. This video explains how FHA might work for you. First we will talk about the benefits of FHA. When you are purchasing on an FHA, it requires 3.5% down as opposed to a conventional mortgage which generally requires 5% down. So a lesser down payment is a benefit of an FHA mortgage. FHA also is much more forgiving on your credit scores which will make FHA the best choice (less expensive and easier approval) if you have credit issues. If [...]
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Why choose an FHA mortgage for your home purchase?
FHA has several benefits that could make it the perfect mortgage for you. This video will help you decided if FHA is right for you. First we will talk about the benefits of FHA. When you are purchasing on an FHA, it requires 3.5% down as opposed to a conventional mortgage which generally requires 5% down. So a lesser down payment is a benefit of an FHA mortgage. FHA also is much more forgiving on your credit scores which will make FHA the best choice (less expensive and easier approval) if you have credit issues. If you have some minor [...]
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Closing Cost Explained
Many folks find closing costs confusing at best and down right frighting at worst. This video will help you understand these costs and help you as you shop for a mortgage. What exactly are closing costs and what and you paying for. Closing costs are things like your appraisal, your title work then there are loan doc prep fees, tax service fees, underwriting fees, processing fees, credit report, and flood certification. I have seen people charge for faxing of documents. Anything that is a cost associated with closing your loan would be considered closing costs. One exception would be if you have [...]
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How to Shop Mortgage Rate
Shopping mortgage rate can be trickier then you might think. To receive the best rate and costs watch this video.
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You have to shop both interest rate and closing costs!
There are two major cost to financing a mortgage learn how to shop both interest rate and closing costs. If you don’t shop them correctly uyou could end up paying thousands more then you should on you next mortgage.
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FHA? Conventional? Which one is right for you?
FHA? Conventional? Have you ever wondered which financing option would be best for your situation. Find out in this video. The two major lending options in the United States are FHA and conventional financing. For you to make the best decision on which option is right for you and your situation does require you to have a basic knowledge of what both options have to offer. Everybody is different so there is no one perfect mortgage. FHA may be better for some people and conventional for others. FHA requires only 3.5% down payment on a purchase mortgage while a conventional [...]
