A short sale comes into play when a homeowner needs to sell their home but the home is worth less than the remaining balance that they owe. The lender can allow the homeowner to sell the home for less than the amount owed, freeing the homeowner from the financial predicament. On the buyer side, ... Continue Reading » about Short Sale and Foreclosure – How are they Different?
Should I Choose and FHA or Conventional Loan?
If you are thing about buying a home using a mortgage loan, you will discover there are many choices out there! Two of the most popular are Conventional and FHA Loans. FHA is a government-backed loan. It is great for first-time homebuyers or those with a moderate income level because it requires ... Continue Reading » about Should I Choose and FHA or Conventional Loan?