FHA mortgage tips for first time home buyers

If you are a first time home buyer you may be thinking about an FHA mortgage for the purchase of your first home. These mortgages are guaranteed by the U.S. Federal Housing Administration and are designed with low-to-moderate income home buyers in mind. FHA mortgages feature less stringent income requirements for buyers. For instance, buyers only have to produce a 3.5% down payment and can have a less-than-perfect credit score. If you're planning to purchase a home with an FHA mortgage, here are some important tips to keep in mind. [Read More]

3 Reasons a First Time Home Buyer Should Consider a Fixer-Upper

When you’re shopping for a home, there are basically two types you’ll find: Those that are in move-in condition, and those that will need some work. Those that need work are sometimes known as “fixer-uppers.” There are pros and cons regarding the decision to buy a fixer-upper vs. a home that’s “move-in ready,” and the decision is a personal one. Here are the three main reasons to consider that fixer-upper if you’re faced with that decision. [Read More]