A 3rd party broker that specializes in mortgages guaranteed by the US government

Mortgage Info

FHA Home Loan for Multi-Unit Properties

There are many assumptions about home loans, especially in the realm of government home loans. One may typically assume that if the government is administering a home loan that it is only allowable to pertain a modest, single-family property with these funds. This is FALSE. FHA home loans can be used to obtain a multi-unit […]

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Common Concerns with Government Home Loans Answered

Owning your own home is the keystone of American culture in achieving your dreams. With a sea of information online and tales handed down from generation to generation, the idea of obtaining a home loan has become more of a nightmare than a dream. FedHome Loan Centers is here to help put some misconceptions to […]

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5 Ways to Sell Your Home without Equity

Selling a home can be a drawn out and overly complicated affair. The process can become even more difficult if the seller owes more on their mortgage than the price their home is currently valued at. Equity in a home is one of the biggest advantages a property owner can have during the process of […]

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What is an interest rate? What does APR mean?

When you are buying your first home, it can often be overwhelming. To begin with there are so many new words, definitions, and information. You may feel embarrassed to tell the bankers and realtors to slow down, or you may feel shy when you have a question. Don’t worry, you are not alone. Most first […]

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Getting an FHA Loan Following Bankruptcy

The subprime mortgage industry collapse of 2008, which coincided with the U.S. recession, triggered enormous financial repercussions felt by millions of Americans. Unemployment doubled from five to 10 percent. The total wealth of an estimated 63 percent of Americans declined, with short sales and foreclosures skyrocketing. Non-business related bankruptcies peaked in 2010 at over 1.5 […]

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What Are VA Loans

Following the conclusion of World War Two, a conflict that saw over one-million Americans killed or wounded, congress, wishing to show returning veterans a special gratitude, enacted the VA Home Loan. As part of the original GI Bill, the VA loan was designed as a sustainable way for veterans to receive long term financing and […]

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What is the Back to Work Program?

UPDATE: 12/2018 The Back to Work Program is No Longer Available Effective 10/01/2016, the Back To Work Program is no longer available. The following guidelines are now in effect: To qualify for a FHA loan after a Chapter 7 Bankruptcy –  2 years after discharge To qualify for a FHA loan after a Chapter 13 Bankruptcy […]

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What is Debt to Income Ratio?

FHA requirements are in place to prevent loans from being issued to borrowers who cannot afford them. Although the misconception exists that credit scores are the primary factor taken into account by lenders; debt to income ratio (DTI) is often just as significant. Debt to income ratio is the amount of monthly debt payments you […]

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Loan To Value

A lender wants to give out loans; that’s how they make money. What a lender does not want to do however, is give out bad loans, meaning a loan that requires the lender to take on too much risk. The investor wants to work with a borrower who has the greatest chance of avoiding foreclosure. […]

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Qualifying for a Second FHA Loan

Certain misconceptions exist among the general public about FHA Loans, specifically in terms of qualifying for a second FHA Loan after a previous foreclosure or short sale and in regards to eligibility for having multiple loans at the same time. Before getting into the information relevant to qualifying for a second loan, it is important […]

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