Conventional wisdom (and the average member of Congress) says that the key to preventing future foreclosure epidemics is making sure that borrowers have more “skin in the game.” That means requiring a higher down payment to buy a home. There are a few things wrong with this conclusion. 1.... Read more
FHA loans have been all over the news lately.  Back when I was getting my mortgage, I didn’t even consider one.  But in today’s market, you might want to have a look. An FHA mortgage loan is insured by the Federal Housing Administration.  (It’s important to note that the... Read more