If you’ve talked to anyone about your plans to buy a home, than you’ve probably been told that you need to save up for a 20-percent down payment. That’s a scary thought considering the median home price in Orange County, California is well over $800K. Yikes! But thankfully, you you have options when it comes […]
Advantages of a Small Down Payment When deciding how much to put down for your new house, there are a few key things to focus on. There are several advantages to making a large down payment including lower mortgage payments, and avoiding additional interest… But, there are a lot of advantage to making a small […]
Should You Make a Large Down Payment on a House? For some people this is a no-brainer… If you’re scraping together every last quarter you can find under the sofa cushions, then your bank account has already told you how much you can put down. But if you’re in the position to make a large […]
What is an FHA Loan An FHA loan is simply a loan that is insured by the Federal Housing Administration (“FHA”). Basically, the FHA promises lenders that if they make loans to borrowers according to certain guidelines, then FHA will guarantee the loan. So, if the borrower defaults on the loan, FHA will reimburse the […]