FHA to allow mortgage terms of 40 years
On Wednesday, the Federal Housing Administration (FHA) announced that 40 year mortgage terms will be permitted beginning in May. Previous to this, mortgages were limited to 30 years. What the FHA ruling means for consumers You may wonder how this new ruling will impact consumers, if at all. Well, it’s certainly going to increase theRead…
Do this Step Before You Make an Offer on Real Estate!
There are a number of steps needed to ensure you’re ready to make offers on a home or real estate, but none more important than getting a pre-approval letter from a lender. AJ explains how this process works and updates us on his pre-approval letter for his next property!
Everything you need to know about interest rates
Over the past few weeks, I’ve been looking over our content for obvious gaps. While doing this, I realized that we have missed some of the more elementary lessons in personal finance. Among them: interest rates.