More commonly called APR, Annual Percentage Rate is a government-mandated mortgage comparison tool. It measures the total cost of borrowing over the life of a loan into dollars-and-cents. A loan's APR is printed in the...
I often get asked if it is possible to own a home with an FHA loan and then later buy another home with another FHA loan? Most often the answer is "no, only one FHA loan is allowed per person at any one time". However, just...
When buying or refinancing, an appraisal is almost always required (there are a few exceptions).What is an appraisal? It's simply an independent opinion of your home's value, performed by a licensed home...
In an effort for the government to unload more of their foreclosed properties, the Department of Housing and Urban Development has expanded their $100 down program to more states. Here is how the program works: When buying a...
What can $100 buy? Let's see... o About two tanks of gas. o Two months of cell phone service. o A nice dinner for two. o A new house What? A new house? That's right! When buying a home that has been foreclosed from...