An FHA 203k rehab loan is a very popular loan that many people use to fix up houses. With a 203k loan, you get access to a government-backed loan program .
best interest mortgage rates purpose of mortgage insurance what is baloon payment How A Balloon Mortgage and Payment Works – A balloon mortgage is a short term, non-amortizing loan available to real estate purchasers. These mortgages typically have lower monthly payments and interest rates and can be easier to qualify for.What is "mortgage life insurance" and why do I need it when I already have private mortgage insurance?fha disclosures amendatory clause form What Is the FHA Amendatory Clause? | Sapling.com – The FHA has a form for the lender to provide to the borrower that informs the borrower of the appraised value of the home he’s buying. If the lender doesn’t provide that form to the borrower before he signs the sales contract, an amendatory clause must be included in the sales contract. The appraised value in turn determines the maximum mortgage amount hud will insure.how do you know if a condo is fha approved