Found 2 blog entries tagged as Home Loans.

Are you looking to buy a home soon, or want to calculate what’s left on your home loan? 

Purchasing a home is one of the biggest decisions you can make, so we want to make sure you’re well informed on your decision. 

Mortgage calculators can be a very useful tool when making the decision to purchase property! This tool provides you with: 

  • A great idea of what you can expect to pay on your future home

  • An understanding of what your estimated monthly payments will looks like 

  • The ability to reverse engineer your home search to see where your ideal price range is 

  • How your down payment or interest rates will affect your payments over time 

  • It provides a rough amortization schedule 

  • Calculations…

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There is a lot of mystery surrounding the mortgage financing world. With many different loan types and mortgage providers, it becomes difficult to know where to start. We are going to analyze, and break down, one of the most common loan types available, the FHA loan.

 

 

Before we talk about specifics, including pros and cons of using the FHA loan, lets explain the history behind it. FHA is the acronym for the Federal Housing Authority. The FHA was formed in 1934 during the Great Depression. This was done to spur home construction, reduce unemployment and increase the availability of loans to people.

Over the years the FHA has taken on many roles but at its core has kept the mission to keep housing affordable and achievable by all.…

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