Financing a Home
Financing a Co-op
Financing a co-op can be difficult because this unique form of ownership is not considered as holding real property. Co-ops are buildings communally owned by a corporation. Each owner receives shares of stock in the corporation, and the build...
Financing a Townhouse
Financing a Townhouse with Government-Backed Loans and Conventional Mortgages Generally, townhouses are eligible for the same loan products as single-family homes. Government-backed loans like FHA, FHA 203K, and VA loans are available as wel...
Financing a Duplex
Financing a Duplex Financing a duplex depends on whether you plan to use the property as your primary residence. Duplexes, two residences in one building, have some great advantages for a buyer. Live on one side and rent the other as a mor...
Financing a Condo
Down Payment Requirements to Finance a Condo The condo association or elected board in some buildings may require larger down payments when financing a condo to hedge against default. They usually require larger equity positions in purch...
Fixed Rate Vs. Adjustable Rate Mortgage
What is the Difference Between Adjustable-Rate and Fixed-Rate Mortgages? The difference between fixed-rate and adjustable-rate mortgages is exactly what it sounds like. With a fixed-rate mortgage, your interest rate remains fixed. While th...
Different Types of Loans
There are many different types of loans available for your home purchase. The right loan product for you will depend on the type of property you are purchasing, property condition, your credit history, your budget and savings for a down payme...
FHA Financing
FHA Financing Has Loose Standards: Making Home Ownership Accessible to More People FHA stands for Federal Housing Administration. FHA loans are backed by the government. This government insurance mitigates the lender's risk; as a re...