Posted on May 17, 2016 - 09:41 AM
by REMAX ALL AMERICAN REALTY
FHA loan is a mortgage insured by the federal administration. with the FHA loans, mortgage insurance is a must because this insurance protects the lender from a loss if the borrower defaults on the loan. with this insuarence, lenders can offer FHA loan at attractive interest rates and with a more flexible qualification requirements.