Month: July 11, 2013

FHA Mortgages in Delray Beach, FL

  If you paid attention to your American history class while in high school, then you’ve probably heard of the Great Depression legislation known as the New Deal. A host of executive orders instituted between 1933 and 1936, the New Deal was President Franklin Delano Roosevelt’s solution to the financial collapse of the Great Depression. The New Deal is famous for establishing many federal programs and agencies many of which are still around these days. Social Security was one of the most well-known programs along with the Federal Deposit Insurance Corporation (FDIC). One feature of the New Deal which is usually pushed aside is that the National Housing Act of 1934 created a pivotal government agency, the Federal Housing Administration. The purpose of the FHA was to insure loans given…

Home Loans in Pompano Beach

  The Federal Deposit Insurance Corporation, or FDIC, is a government agency established in 1933. It offers insurance for depositors in member banks up to $250,000. Just recently, the FDIC will propose a strategy which will require big banks to have common equity equal to at least 5% of their assets. This strategy is much stricter than international banking regulations. The measure is aimed at preventing another financial collapse like in 2008. It ensures that banks have enough capital on hand to counter a downturn in the market. More stability when it comes to banks will only help to bolster the housing market since big banks are some of the largest mortgage lenders in Pompano Beach. Those looking for a home financing in Pompano Beach should consider a mortgage company…

Choosing a Mortgage Broker in Delray Beach, FL

  Purchasing a home is a special moment for people of all walks of life. It signals that you have established a presence in a place and are looking for a long term living solution. In a volatile housing market, the fine print of your mortgage can make or break your home purchasing experience as well as your financial situation in the future. Employing the services of a capable and qualified mortgage broker can be helpful as you embark on this new journey by stepping with the right foot forward. One of the most common misunderstandings for first time homebuyers is the propensity to go to their bank for sound mortgage advice. The bank is usually biased and will give you guidance based on their priorities, particularly if it is…

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