Category : mortgage : Insurance

FHA Financing Definition

mortgage
The Federal Housing Administration (FHA) provides government assistance through home loan guarantees to first-time homebuyers and those with less than perfect credit scores. FHA standards for loan guarantees are less restrictive than conventional private mortgage insurance. Because the standards are

What Is an FHA Plus Loan?

mortgage
The FHA Plus Loan is a home loan program offered in Virginia that is insured by the Federal Housing Authority. Because the FHA insures the loan directly, banks are able to offer borrowers more generous rates and terms due to the lower risk. The FHA Plus Loan is for Virginia home buyers who require e

How to Cash out a 401(k) Early

mortgage
While the money you set aside in your 401k plan is designed to help fund your retirement, there are times when you need to cash out the plan early. While cashing out a 401k plan before you reach retirement age is expensive, possibly subjecting you to a 10% penalty and thousands in additional taxes,

Top Direct Mortgage Lenders

mortgage
Direct lenders can help you finance your new home purchase.dollars image by Mikhail Olykainen from Fotolia.comWhen it's time to take out a mortgage loan, home buyers can choose to work with a mortgage broker or with a direct lender. The difference is a simple one: Mortgage brokers don't...