Category : mortgage : Insurance

The ABCs of FHA Lending

mortgage
The Federal Housing Administration, or FHA, works to expand home ownership by backing mortgages issued by banks and other financial institutions. People who might have trouble qualifying for a conventional home loan--because they don't have enough money a down payment, for example, or because of imp

Advice on Interest Only Mortgages

mortgage
Interest-only mortgages are loans that offer the option of paying only the interest due each month for a set period of time. They require lower payments than typical loans, wherein the principal and interest are paid until the loan is paid in full. The disadvantage is that if the interest is all you

How to Carry a Loan

mortgage
In some instances, sellers are willing to finance all or part of the purchase price of their homes for a buyer. Bankers Escrow Corporation's website states that 10 percent of home sales in the United States have some type of owner-carry loan. This may happen if a buyer has trouble getting a home mor