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4 Things I Wish I’d Known Before I Got an FHA Loan

Realtor

AUGUST 1, 2018

Now, the twist: It used to be that you had to pay this mortgage insurance on an FHA loan only until you gained 20% equity in your home. But under legislation passed in 2013, you can plan on paying that extra money for the life of the FHA loan. You might not be able to use your FHA loan for renovations. No biggie, right?

Inspection 136
Inspection Insurance Buyers Renovations 136
article thumbnail

4 Things I Wish I’d Known Before I Got an FHA Loan

Realtor

AUGUST 1, 2018

Now, the twist: It used to be that you had to pay this mortgage insurance on an FHA loan only until you gained 20% equity in your home. But under legislation passed in 2013, you can plan on paying that extra money for the life of the FHA loan. You might not be able to use your FHA loan for renovations. No biggie, right?

Inspection 78
Inspection Insurance Buyers Renovations 78
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