fha home loan

How do you find a good home lender? How to find the best mortgage rates? These are some of the questions that popped up in Moolanomy Answers a few times. This is probably a good time to buy a house or refinance your existing mortgage, because interest rates are low and the housing market continues [...]

With all of the media attention that real estate and mortgages have demanded in recent years, it’s important to not forget the fundamentals. Nothing real has changed. I know the mortgage meltdown problem is real, but real estate is still valuable and not as scary to jump into as the media leads often states. There [...]

Reverse mortgages are one way senior homeowners who are 62 years and older may be able to tap the home equity.  A reverse mortgage gives the homeowner money they need without having to leave the house and without having to repay the loan until the owner dies, the home is sold, or the house is [...]

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Recently, Passive Dad asked me about free creative ideas to help friends facing foreclosure.  This is a timely topic since one factor that contributes to the current economic crisis is the rise in foreclosures. Basically, the teaser rate on many adjustable rate mortgages end, and homeowners found themselves unable to afford the new higher mortgage [...]

An FHA home loan is a mortgage loan fully insured through the Federal Housing Administration (FHA) and issued by FHA-approved lenders, such as a mortgage company, bank, savings and loan association, etc.

Photo by Jamoker via Flickr
An FHA loan has several key advantages over a traditional loan:

Lower down payment. An FHA loan usually requires just a [...]