In your journey to purchase a home, you may have heard the terms FHA and HUD. Confused as to what they mean? In 1965 the US Government formed the Department of Housing and Urban Development (HUD), within HUD operates the Federal Housing Administration (FHA), which has the primary responsibility for administering...

Budgeting is the single most important step to buying and keeping a home. Many Americans are at a financial edge that will drive them into foreclosure if a slight imbalance occurs. An overwhelming 43% of American households spend more than they earn each year, some 52% of employees live paycheck to paycheck...

Our parents teach us many things, how to tie our shoe laces, how to ride bikes etc. but one very important thing they sometimes do not teach us is about having and maintaining good credit. In some homes, good financial responsibilities maybe taboo subjects or just not spoken about. According to the Mortgage...

Getting pre-qualified is the first step in the home buying process. It is a very simple mortgage application that involves supplying a lender with personal information regarding your debt, income and assets. A lender can use these three points to determine your financial eligibility. This financial picture...