Understanding an FHA Loan

What is an FHA Loan? The Federal Housing Administration, commonly referred to as “FHA” provides mortgage insurance on mortgage loans made by FHA-approved lenders.  The FHA usually insures mortgages on single and multi-family homes.  It is the largest insurer of mortgages in the world.  Since its inception in 1934, the FHA has insured over 38Read More

What is a housing bubble?

What is a housing bubble? A housing bubble is the term used in real estate and business when home prices increase drastically because there has been an increase in demand. When there is a housing bubble, the real estate market is generally called a seller’s market. This is because there are more people interested inRead More