May 11, 2011
It’s common knowledge that you should read a loan contract carefully, but when applying for a mortgage loan, many first time home buyers struggle to understand some of the fine print. It’s important to ask questions about any portion of an FHA or conventional loan agreement you don’t understand.
For example, some buyers don’t fully grasp the implications of the penalties for “early payment” in a mortgage loan contract. Did you know some conventional loans can charge fees for early payoff of a home loan?
FHA loan regulations don
Joe Wallace has been specializing in military and personal finance topics since 1995. His work has appeared on Air Force Television News, The Pentagon Channel, ABC and a variety of print and online publications. He is a 13-year Air Force veteran and a member of the Air Force Public Affairs Alumni Association. He was Managing editor for www.valoans.com for (8) years and is currently the Associate Editor for FHANewsblog.com.
Browse by Date: