SOURCE: Mortgage News Feed
It's true that FHA mortgage loans are more expensive in 2014. But as mortgage rates and premiums rise, it's also true that FHA borrowers have an advantage over those with conventional mortgages: FHA loans are assumable, which means that when it comes time to sell, buyers can take over sellers' existing FHA loans instead of taking out new mortgages at current mortgage rates. This is especially important as mortgage rates are expected to rise in 2014.
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