Month: March 2018

When we are calculating income we have to evaluate three major things: is the income stable and reliable? Is it anticipated to continue in the foreseeable future? And is it an sufficient amount? Generally such income cannot be seen as stable and reliable if it has been received for less than 2 years. That being...

An FHA loan is a government insured loan where as a Conventional loan is not a government insured loan. The FHA loan is often easier to qualify for because it has a low down payment, being 3.5% of the purchase price. You are required to pay private mortgage insurance, so if you default on your...