Mortgage myths could affect potential home buyers who may think these myths to be true, and may not try to buy a home. Have you heard any of these five mortgage myths? I Need 20% Down to Get a Mortgage. Not necessarily! There are many different loan types, and depending on your situation, you may [...]
What is the difference between FHA and Conventional Loans? There are multiple differences between an FHA loan and a Conventional Loan. An FHA loan means that the loan is insured by the Federal Housing Administration. With a Conventional Loan, the mortgage company assumes the risks of issuing the loan. It is not insured by a [...]
The Government shutdown is affecting most mortgages, according to an email I received from a lender. Though FHA announced they would continue processing applications during the shutdown, there are many other loan types, and it turns out, all of them may be affected in some way. Why would your conventional mortgage be affected? 1) The IRS [...]