Your lender demands a gift letter and supporting documentation when someone offers you money to assist you in purchasing a home. A gift letter is a formal piece…
Author: Faith
Understanding Ground Rent Agreements
There are several ways to own a home or property in America. Acquiring property can be one of the most expensive things to do. One uncommon way you…
Manufactured Housing
Manufactured housing is a dwelling unit built chiefly or off-site at factories before being transported to a plot of land where it is set. Compared to traditional homes…
Fannie Mae and Freddie Mac: An Overview
How they assist the mortgage industry and ease COVID-19 mortgage stress The mortgage market in the United States is incredibly liquid and stable in appreciation to Fannie Mae…
Is It Better to Rent or Buy?
You have to decide for yourself if it’s better to rent or buy. Both have pros and cons. Buying a house gives you privacy, ownership, and home equity,…
An Overview of Housing Expense Ratio
How is Housing Ratio Calculated Before buying a house, one of the first and most important things to consider is finance. You should always buy a house you…
The Difference Between FHA Loans and Regular Loans
Feeling overwhelmed by the prospect of purchasing a home? Many people associate homeownership with the American dream. Getting a mortgage is only one of the steps that most…
Top 7 FHA Lenders in the U.S.
Ready to buy a new house and wondering how the process can be easier? There are schemes for first-time homebuyers to make it easier and smoother. An easy…
A Deep Dive into FHA Refinancing: Rates, Trends, and Requirements
Current FHA Refinance Rates and Trends Just like checking your car’s gas level or consulting the weather before a road trip, understanding current FHA refinance rates is your ignition…
What Is an FHA Loan?
An FHA loan is a federal government initiative aimed at helping families access low-interest funding for a home purchase. The Federal Housing Authority (FHA), an agency under the…