What Are The Advantages of an FHA Loan? See all the reasons why an FHA could be beneficial when buying a home.
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Beacon Innovation's curator insight,
June 3, 2021 1:31 AM
https://beaconinvestment.org/lahore-smart-city/
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Lynn Pineda's curator insight,
February 19, 2014 2:17 PM
More Buyers to qualify for an FHA Mortgage. Will this continue to strengthen the many Sellers Markets being experienced nationwide with an increase in supply of Buyers searching for homes to buy? Currently, a Seller's Market means there are many Buyers with not enough homes for sale to select from, yet with threatening rise in mortgage interest rates, has the pool of eligible Home Buyers shrunk? Perhaps, this will make the pool of Buyers grow.
If you're considering Selling your home, the greater the competition for your home the better. Act now, and get your home ready to sell.
Ruth Lerner's curator insight,
February 21, 2014 11:39 AM
More flexibility and lower thresholds in lending will allow the first time home buyers to enter the market. With low interest rates, and high rents, home ownership will become not only more attractive, but more feasible. |
Are you planning on getting into the real estate market for the first time? Buying your own home can be an exciting venture. Along with homeownership though comes financial responsibility.
One of your first tasks in the home buying process will be getting financing. You should plan on getting pre-approved for a mortgage before you even set foot in a home. Proving you are qualified to all home sellers will be an essential step.
One of the financing options that will be worth checking out is an FHA loan. An FHA mortgage offers quite a few advantages. In the article at Active Rain, see all the benefits of having an FHA loan, including the ability to have a low down payment. With an FHA mortgage, you will only be required to put 3.5% down. There are other perks as well including having relaxed credit scores.
Without FHA mortgages there would be far fewer homeowners. When speaking to a mortgage broker ask them if an FHA loan may be right for your current circumstances.