A Federal Housing Administration (FHA) loan is a home mortgage guaranteed by the government and funded by a private bank or mortgage lender approved by the FHA. FHA loans are designed for borrowers with lower credit scores who might not be able to afford a larger down payment. This usually includes low- to moderate-income households. The FHA loan is a popular loan with first-time homebuyers.
Experts are not predicting a housing market crash. Nevertheless, no one can predict the future and the housing market is susceptible to events, circumstances, and influences outside of anyone’s control. The fear of a housing market crash has raised a lot of questions and a lot of anxiety. Prospective homeowners are hesitant to purchase a home for fear of it being devalued shortly after. Current homeowners are anxious about losing their own homes in the event of a housing market crash. This raises the question:
You’re in the process of buying a new home. You’ve been pre-approved for a home loan, your offer has been accepted, and now it’s time to get serious about planning to move. With inflation on the rise and the extremely high cost of fuel, you need to save money on moving expenses.
The housing market is still a seller’s market. Inventory is low and the competition is high. How can home buyers successfully navigate the housing market right now?
You have worked hard to purchase a home and it feels great to finally get to settle into your new house! But wait, there’s more. While you unpack and maybe redecorate your new home, here is a helpful list of essential to-dos to complete before you’ve finished unpacking.