Mortgages

Recent years show a decline in the housing market, a financial credit crisis and a subsequent tightening of underwriting guidelines, particularly applied to conventional mortgage loans. Those institutions known for sub-prime loans have either disappeared or severely limited their offerings. These realities – coupled with a fluctuating foreclosure rate – may discourage first-time homebuyers and others without the strongest applicant profiles from purchasing or refinancing in the current climate. Not to worry, FHA loans are still widely available to many borrowers who have run out of conventional options. Guaranteed by the US Department of Housing and Urban Development’s Federal Housing Administration, FHA loans provide home ownership pathways to borrowers while affording security to approved lenders. The first thing a prospective borrower notices when considering an FHA mortgage loan is the…

Purchasing a new home ranks as one of the most nerve wrecking undertakings. It also one of the most satisfying and accomplished purchases people make in their lives. Since the majority of us do not have the kind of capital needed to buy the home of our dreams, we rely on the ability to acquire a home loan that gets us in the home we always desired. Florida’s real estate market always finds a way to boom after it lulls because the state as a whole is an attractive place to live in general. It is for this reason as well as others that loan companies are able to offer loans with reduced interest rates and a variety of different loan structures that can help make the acquisition of a…