Purchasing Your Rental Home With an FHA Loan

Renters who want to purchase their dwelling from their landlord can do so using an FHA loan. You can also use FHA loans to buy a house from a family member. But in certain circumstances, lenders in these transactions may require a higher down payment than is typical for FHA loans. Here’s a primer on

Written Verification of Employment: A Crucial Requirement for a Mortgage

When you apply for a mortgage, the potential lender will ask for a written verification of employment to establish your ability to repay the loan. Here’s why that document is important. Meeting lending standards Lenders are legally required to determine a borrower’s ability to repay the requested lo

Save Big Money by Accelerating Your Mortgage Payments

If you take a full 30 years to pay off your mortgage, you will pay an enormous amount of interest. But you can shrink that interest expense by making extra payments. Here’s what you need to know about accelerating your mortgage payments. Pay early and often Unlike some other consumer credit accounts