FHA Loan Guidelines
What Is the Federal Housing Administration? The Federal Housing Administration or FHA is the governmental body that insures mortgages for loans made by lenders approved by the FHA. Qualifying loans are those that require borrowers to place at least 3.5 percent as a down payment rather than the 20 percent that lenders usually charge. These […]
When is a Cash Out Refinance a Good Option?
When is a Cash-Out Refinance a Good Option? Many personal finance gurus endlessly tout the benefits of living completely debt free. While never resorting to debt may be a solid goal for many people, life often simply gets in the way. For others, the judicious use of debt to reach financial goals, while carrying some […]