FHA vs Conventional Loans
Posted by Greg Fischer in December 13th, 2011
Posted in: FHA, First Time Homebuyer, Loan Process, Purchase
Posted in: FHA, First Time Homebuyer, Loan Process, Purchase
Chances are, if you’re looking for a fixed rate mortgage in New Hampshire, you may qualify for more than one type of loan. If you’re a first time homebuyer in particular, you may qualify for several. Finding the one that’s best suited for your needs may be more complicated than asking your neighbor what mortgage [...]
Understanding the Funding Fee
Posted by Greg Fischer in February 23rd, 2011
Posted in: FHA, Purchase, Refinance, USDA/RD, VA Tags: Rural Development/USDA
Posted in: FHA, Purchase, Refinance, USDA/RD, VA Tags: Rural Development/USDA
“Why is my mortgage larger than my loan amount?” Government loans exchange part or all of the monthly mortgage insurance premium for a Funding Fee – a one time, paid at closing, usually financed, insurance premium. There’s a good reason for this.