What Are The Benefits Of An FHA Mortgage?
Saturday, January 16, 2010 | Add a comment
FHA offers low down payment options, eligibility with less than perfect credit, a loan at a reasonable cost, and help if there is ever trouble making the mortgage payment. Because an FHA mortgage insures the lender against loss, an FHA mortgage typically has an interest rate that is competitive with the best in your market and lower than the rates charged for subprime and other non-prime mortgages.
FHA not only helps people buy a home, but helps them keep it as well. In return for protecting lenders against loss, FHA requires financial institutions to offer assistance to borrowers experiencing difficulty making mortgage payments.
If you have questions on this or any other real estate topic, call me at (925) 216-0860. To search the MLS for free and view homes for sale, go to: www.CynthiaAlfred.com.
