Buying a Home

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More home buyers are using FHA home loans

Saturday, November 10th, 2007

FHA mortgages are becoming popular again! It’s an institution that has been around for a long time, since June 27, 1934. The Department of Housing & Urban Development folded the Federal Housing Administration (FHA) under its umbrella in 1965.
FHA loans began to lose favor in the late 1990s, when home values began to inch upwards, [...]

Home buying: Lies planners will tell you

Monday, November 5th, 2007

When deciding how much mortgage to take on, the math is pretty simple.
By The Mole, Money Magazine’s undercover financial planner
Question: I’m nervous about drawing down my savings to buy a small condo. Should I use my savings or get a mortgage after making a 20 percent down payment?
Answer: Whenever possible, I almost always like to [...]

Home buying: Lies planners will tell you

Monday, November 5th, 2007

When deciding how much mortgage to take on, the math is pretty simple.
By The Mole, Money Magazine’s undercover financial planner
Question: I’m nervous about drawing down my savings to buy a small condo. Should I use my savings or get a mortgage after making a 20 percent down payment?
Answer: Whenever possible, I almost always like to [...]

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