Home › Forums › Housing › Gov’t to target 4.5% for mortgages › SD, What is your buyer
SD, What is your buyer thinking ?? The one that is getting a FHA loan but has a down payment.
Do they have 20% to put down and decent credit to qualify for a good conventional loan ?
IF so, do they understand that they are probably getting a royal screwing by getting a FHA loan ??
Did their mortgage salesperson explain the real facts of the scenario or do they even understand what the better loan is for the buyer ??
Sounds like a complete waste of thousands of dollars. HLS
