If you’re considering an FHA mortgage loan there are several things you need to know before signing on the bottom line.
These loans have become extremely popular following the mortgage meltdown and the FHA is running out of Reserve funding. If you’re considering an FHA home loan and want the best refinance rates there are several things you need to know to avoid overpaying.
Check out loan.com’s article about rising FHA mortgage loans below. You can learn more about mortgage refinancing without hidden markup or junk fees by checking out my free Underground Mortgage Refinancing Videos.
Ever since the housing market bubble burst, FHA loans have been in high demand. With tighter lending standards in place for conventional loans, more people have no other option other than an FHA backed mortgage. While FHA loans are still only made available to credit worthy applicants, the criteria is not quite as stringent. Applicants need only put 3.5 percent for a down payment, making these loans in reach for many first-time homebuyers.