Today I was this old when I found out…
I recently found out that if one were to put less than a 10% down payment on an FHA loan, you would have to pay mortgage insurance for the entire length of the loan. If you put down 10% or more, you will pay for mortgage insurance for 11 years. (See citation below.)
How do you feel about this? Do you think an FHA loan is still a good tool tool for buying your first real estate investment property?
I look forward to hearing everyone’s thoughts on this. :)
https://www.bankrate.com/mortgages/fha-mortgage-insurance-guide/
Most Popular Reply
my personal opinion......I dont care about that as long as the numbers still make sense on the cashflow