I am not an expert on 203K FHA Loans or any other kind of FHA mortgage loans. I am however taking the time to learn about this. I have normally not been one to be attracted to FHA loans. And to be honest I am not sure if this is the best route for me or you. BUT I happen to have some friends who are going to be workING with a Lender that does 203K Refinancing mortgages as well as 203K Rehab mortgages also known as the 203K Streamline.
I decided to do my own due diligence about these loans. I have learned after 60 years of being on the planet that things aren't black and white and nothing is all good or all bad. I recently changed my attitude about lawyers. We always say we don't trust lawyers, unless you need one of course.
So to me I am saying it is best NOT to borrow money or get mortgages, but sometimes you have to. And if the 203K can get you approved and you can do what you need to do to better your life WITHOUT ANY RISK! In other words, don't get in over your head, and explore other options.
Anyway, that is how I am startin' this blog. Please feel free comment. I call myself a 203K fha student...not an expert for sure.
Monday, July 28, 2008
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