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Home / Blog / Headlines & News / Is an FHA Mortgage a Good Deal?

Is an FHA Mortgage a Good Deal?

July 5, 2014 By Mary Catchur

FHA Home Loan
FHA Home Loan.

There isn’t a single mortgage product that is perfect for everyone, so it’s important to weigh all your options.

Investopedia released a review of FHA mortgages with pros and cons that is worth reading. If you are thinking about buying a home or refinancing your mortgage, information like this is helpful to making an informed decision.

Read the Investopedia article: Is An FHA Mortgage Still A Bargain?

In light of recent insurance-premium hikes, it’s worth researching your options before taking out an FHA loan if you plan to put down less than 20% on your home. But if a government-backed loan is your only way of attaining home ownership, it may be a sacrifice worth making.

Private Mortgage Insurance (PMI)

Private Mortgage Insurance is expensive, but the cost of a low down payment.

For some borrowers, an FHA mortgage is the best mortgage choice when purchasing or refinancing a home. But other borrowers have options that have a low down payment without paying PMI.

  • 4 Ways to Cut PMI Out of Your Monthly Mortgage Payment
  • VA Home Loan or USDA Home Loan May Be a Better Option Than an FHA Loan

Marimrk Mortgage

There are pros and cons to every mortgage product, making it difficult for the general public to decide which mortgage is best.

One of the most important things we do for clients is explain their options, and walk them through the decision-making process. As a result, our customers make informed decisions about their mortgage based on their specific needs.

When you get ready to purchase a home or refinance your mortgage, please contact us to get started.

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We especially focus on ways to save money on your current and future mortgages. And, we continually share the information we share with our clients, because we believe informed consumers are the best consumers.

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Filed Under: Headlines & News Tagged With: FHA, Mortgage

Opinions, estimates, forecasts and other views contained in this page do not necessarily represent the views of Marimark Mortgage or its management and should not be construed as an offer to provide financing at the rates or terms mentioned. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval. Although Marimark Mortgage attempts to provide reliable, useful information, it does not guarantee that the information is accurate, current or suitable for any particular purpose. Information from this page may be used with proper attribution.

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