The Federal Housing Administration, more commonly known as the FHA, has helped countless Americans since its creation in 1934. Formed as a response to the Great Depression, the FHA insures loans for low- to moderate-income home buyers. The FHA does not actually lend the money to borrowers; it guarantees that the lender will be repaid if the borrower is unable to do so. Because of this insurance, lenders are more likely to give loans to individuals who may not otherwise be able to secure a loan, or at least not one with a decent rate. Instead of looking at applicants’ credit scores, other factors, such as employment records and utilities payments, are considered.
As with all loans, it’s critical for the borrower to understand all of the requirements and terms of a loan. Today, many are blaming the recent sub-prime loan “bust” on a lack of education and understanding. In response to this need, the Mortgage Loan Place has issued a free downloadable FHA Guide to help educate borrowers about FHA loans and the lending process. The guide includes detailed background information, eligibility requirements, alternatives to FHA loans, and step-by-step instructions to obtaining an FHA loan. The guide, which has been downloaded over one thousand times, is one step towards realizing the dream of homeownership.
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{ 2 comments… read them below or add one }
Anonymous 07.30.07 at 3:06 pm
Post reads like a paid post. Only loosers do paid post. You could at least let people know its an ad instead of tricking your readers!
Jay - The Phoenix Real Estate Guy 07.30.07 at 3:24 pm
Anonymous wrote: “Only loosers do paid post.”
I think what you mean is “only losers do paid posts”. “Loosers” isn’t really a word. “Looser” as in, “my pants are looser than they used to be”, is a word. (and a true statement!)
He/she also wrote: “You could at least let people know its an ad instead of tricking your readers!”
Ummm, check the TITLE of the post… I think it’s pretty clear. No trickery here Anon. Yes, it’s a paid post — for a (free) product that could be very helpful to many readers of this blog. It’s also the 3rd such post out of 358 posts here. I don’t think a 0.84% rate of paid posts is really enough to get twisted up about. However, if you don’t like sponsored posts or reviews, you’re welcome to skip over them. That’s one reason I make it clear in the beginning or title of the post.
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