Mortgage : Pros & Cons , Cost & Benefits

A mortgage is a loan that the borrower uses to purchase or maintain a home or other form of real estate and agrees to pay back over time, typically in a series of regular payments. The property serves as┬ácollateral┬áto secure the loan. The Census Bureau estimates that in 2019, 62 percent of owner-occupied properties had … Read more

FHA Loans : Pros & Cons , Cost & Benefits

An Federal Housing Administration ( FHA ) loan is a mortgage insured by the Federal Housing Administration. Allowing down payments as low as 3.5% with a 580 FICO, FHA loans are helpful for buyers with limited savings or lower credit scores. What is FHA Loans ? An FHA loan is a mortgage insured by the … Read more