HOA vs Condo Association, what's the difference?
When it comes to purchasing a property, especially in a planned community or multi-unit complex, it is important to understand the distinction between a Homeowners Association (HOA) and a Condo Association. These two entities play a significant role in the management and governance of the communitie
FHA Mortgage Terminology
Understanding the mortgage loan process can challenging. Below is some useful terminology that will help you understand the process and your lending options better. Annual Percentage Rate (APR) The annual percentage rate is the cost of borrowing money from the lender, shown as a percentage of your m
The Secret to Removing FHA Mortgage Insurance
If you're exploring the possibilities of an FHA loan for your home purchase, you've likely encountered the requirement for mortgage insurance. The lingering question for many borrowers is whether FHA mortgage insurance can be shed once a 20% equity threshold is reached. Unfortunately, the answer isn
Recent Posts
