Posts Tagged ‘home loans’
Is An FHA Mortgage Better Than A Conforming One?
The FHA is insuring a greater percentage of loans than during any time in recent history. In 2006, it insured roughly 5 percent of the purchase mortgage market. Today, it insures one-quarter. “Going FHA” is more common than ever before — but is it better?
Related posts:
- 2011 Conforming Loan Limits : No Change From 2010
- Why Now’s A Good Time To Consider An Adjustable Rate Mortgage
- Mortgage Rates Are Going Up — But Not For The Reason You’d Expect
What Is Annual Percentage Rate (APR)?
More commonly called APR, Annual Percentage Rate is a government-mandated mortgage comparison tool. It measures the total cost of borrowing over the life of a loan into dollars-and-cents.
Related posts:
- Simple Real Estate Definitions: Discount Points
- Conforming Loan Costs Are Rising, Says Freddie Mac
- Like The Fed Funds Rate, The Fed’s Discount Rate Does Not Control Mortgage Rates