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4 Myths on FHA Loan Applications You Should Know About
Are you tired of renting an apartment but are still reluctant to try getting a mortgage loan for a house? You’re probably worried about the stringent requirements for a mortgage application! There’s no reason to be afraid of applying for a home loan, especially an FHA loan. To appease your doubts, here are some myths about FHA home loans and the...
Who Will Possibly Be Able to Qualify for an FHA Home Loan?
An FHA loan is meant for borrowers whose income falls under the low to moderate range. Typically, the FHA loan requirements include a down payment whose minimum is lower than that of conventional loans. Taking on an FHA loan also has a lower credit score requirement than most conventional loans. Who can qualify for an FHA loan? In a nutshell,...
What You Need to Know About Mortgage Forbearance Agreement
Mortgages can be a critical topic for most homeowners, especially when you experience occasional financial issues. A common concern of payers is that they won't have the ability to make their next mortgage payment, giving them more financial burdens to face. If you're concerned about this, working with a lender to fix up a forbearance agreement...