Is An FHA-Insured Mortgage What You Need?
One of the few blessings to come out of the Great Depression was the FHA-insured loan. Although, contrary to what many think, it wasn’t created to help low-income buyers get into homeownership. Just as during our recent recession, in the Great Depression foreclosure rates skyrocketed, leaving lenders in the lurch. The FHA-insured loan was created […]
If My Home Has A FHA Loan… Can I Use It As A Rental Property?
I recently had a conversation with a client who has lived in a home for 12 years with a FHA loan and they wanted to rent it out when they bought another home. They had heard that they would have to refinance to a conventional loan or pay off the FHA loan before they could use […]