Tag: credit score

FHA Mortgage Facts: Understanding FHA Loans

Definition of FHA FHA is an acronym that stands for Federal Housing Administration. The administration was founded by the United States Federal government in 1934. The main purpose of FHA was to allow people with sufficient income to purchase a home without the need for a major down payment. FHA Does Not Lend Directly to…
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What is a FICO score anyway?

Another month, another rent payment that’s helping your landlord pay off the house or apartment where you’re living. Another month, another rent day spent pondering just how much equity you could have paid down on your own house by now. So, why not you? Why not now? Sure, buying a house can be complicated and…
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