FHA Loans Still Offer Advantages In 2014

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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Each week we post articles on FHA/VA Government news topics, ranging from FHA Direct Endorsement Underwriters, to current FHA underwriting guidelines, to new FHA rules/regulations, FHA compliance, FHA lending requirements and much more! PLEASE NOTE: We are NOT owned, operated or affiliated with HUD, FHA or the Federal Government in any way.

 



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