What is a HUD Home?

What is a HUD Home?Often the question is asked, what is a Hud Home? A Hud Home is a residential property that has 1 to 4 units and is held by the US Department of Housing and Urban Development (HUD). When the previous owner defaulted on their on their FHA (Federal...

Questions to Ask When Buying a House

Questions to Ask When Buying a HouseBuying a house is an exciting process and the start of a new stage of your life. It is a large financial investment, so it is crucial to know what questions to ask when buying a house. Buying a house is a prolonged process and there...

About the USMHAF Home Mortgage Calculators

About the USMHAF Home Mortgage Calculators If you are considering buying a home and are not sure what your price range is, you should take a look at our mortgage calculator. You just plug in the loan term, interest rate, and amount and the calculator computes the...

Closing Costs Explained

Closing Costs ExplainedClosing costs explained – like buying a home is no easy task. Before you begin the process of buying a home it is important to understand closing costs so that you are not caught by surprise by the additional fee. Closing costs are the...

What is an ARM Mortgage?

What is an ARM Mortgage? Flickr: USDAgov/Creative Commons An ARM (Adjustable Rate Mortgage) is a type of mortgage where the interest rate fluctuates based on an index (often the 1-year treasury bill, LIBOR, or COFI). Why would anyone be interested in a relatively...