By Ramsey Judah This is a question that comes up a lot in home lending. It is very important to know the difference because FHA and conventional loans have different rules for interest rates, appraisals and loan documentation. The reason why we have both started with the Great Depression. Back in 1929, the market economyRead more about FHA Loan vs Conventional Loan, What is the Difference?[…]
By Ramsey Judah The real estate crash of 2007-2008 was caused by a few things. Firstly, Wall Street had the banks lower qualification restrictions so that anyone off the street can go into a bank and claim they earn whatever to get a house they could not really afford. Secondly, most loans that were madeRead more about How The Next Real Estate Crash Could Happen[…]
By Ramsey Judah If you are not buying a home with cash, then you’ll most likely get a loan. But what does that mean? What is the process? Is it all very complicated? The short answer: kind of. Credit Score and History When a loan officer (the person who approves you for a loan) beginsRead more about How To Get Approved for a Home Loan[…]
By Ramsey Judah The Federal Reserve, a privately held corporation that prints our currency and loans it to the US government with an interest rate, recently stated its going to raise interest rates as soon as December. It reasoned that unemployment is at nearly 4% and the Fed fears that inflation will rise because ofRead more about Fed Set to Raise Rates, Trump’s Win Causes Initial Jump[…]