An FHA 203k loan is a type of FHA-insured home loan. It allows home buyers and householders to finance the price of home repair work to rehabilitate, improve as well as renovate their primary residence into their mortgage. Most of the qualifying criteria are almost like the standard FHA loans that involve rehab financing. The procedures related to the fund disbursement and renovation Continue Reading about How The 203k Loan Process Works
FHA loans
Facts About Mortgage Preapproval When You Buy a House
Gaining a mortgage preapproval is a huge advantage when you buy a house, as it makes your offer attractive to sellers since you're giving them a good assurance the deal won't fall through. It also means you're eligible for a specific loan amount, whereas "prequalified" merely says you have a chance to get the loan. But what requirements should you prepare for the preapproval process? Reasons to Continue Reading about Facts About Mortgage Preapproval When You Buy a House
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