There is a first time home buyers loan which is known as a FHA loan

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Icon Mini Profile rachard1583

Joined: 18 Oct 2010

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Post Posted: Mon Oct 18, 2010 12:35 am    Post subject:

There is a first time home buyers loan which is known as a FHA loan. For people who are buying a home for the first time this is the best loan. The down payment is only 3.5%. And a very big plus is that a person can have a credit statement which shows a ratio of very high debt against their income and it will not affect their eligibility. In addition to the low down payment the monthly payments for insurance on these loans are also lower since the FHA will charge a buyer a percentage on a monthly basis.
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Icon Mini Profile markomaznik

Joined: 29 Jun 2011

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Post Posted: Wed Jun 29, 2011 5:58 am    Post subject:

Some mortgage brokers just have better sources than others so which loan is better?
Icon Mini Profile jerry

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Post Posted: Thu Jun 30, 2011 1:27 am    Post subject:

Hi markomaznik,

It will depend upon your situation. You should consult a mortgage broker and he will check your financial situation and let you know which type of mortgage will be best suited for you.


Icon Mini Profile saliviyajonathan

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Post Posted: Fri Nov 02, 2012 10:19 pm    Post subject:

These points are surely to be recommended and shared with everyone so that could have a check to solution to them. Also all the loans company must be prepared with such queries as every situation is bound to occur at one or the other time.
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