Since the disaster of the sub-prime home-loan crisis that started in 2007 and really has not completely resolved itself in 2014, it has been just a little harder to get a government-backed mortgage. Fortunately it has not been impossibly difficult, just a few more hoops and altered terms. When borrowers take out FHA and VA […]
Tag Archive | "VA mortgage"
What is an FHA loan? The quick answer is that an FHA loan that is backed by the FHA. VA and FHA mortgage insurance protects lenders against non-payment of a loan by the borrower. Although the terminology can be confusing, FHA loans, mortgages and insurances are all the same thing, insurance policies. The same is […]