Real Estate

‘You can get an FHA mortgage with a FICO® Score as low as 500, but applicants with scores ranging from 500 to 579 must make a down payment of at least 10% to qualify. Applicants with credit scores of 580 or greater can qualify with a down payment as low as 3.5%.” Read this article from Experian to learn more. There are also many state agencies that help with down payments, so keep that in mind as well..

My views on home ownership have evolved over the years. This video from the Economist shows how when the government encourages home ownership, it actually ruins the Economy. They have studied the data and presenting their findings in this video. What’s your opinion? Let me know in the comments section.