In this week’s episode of the Mortgage Monday video show, Jim Cardinal and Alexis Meeks discuss the implications of a conflict of interest on an FHA Loan.
Many first time home buyers apply for an FHA Loan because of the lower down payment. In general, FHA loans are a great tool, but they are heavily regulated by the federal government. In this video, you’ll learn how the total finance amount for some FHA loans can be reduced if there is a conflict of interest on the loan.
Learn the whole story about FHA Loan conflict of interest in this video:
(if you can’t see the video click here)
Thankfully, we have Jim Cardinal, Branch Manager for Syracuse Securities {visit his website to learn more} and Alexis Meeks of Karp, Ackerman, Skabowski & Hogan CPAs {Connect with Alexis on LinkedIn} to explain what is happening in the mortgage industry, how issues will impact the home buying process and what actions to take moving forward.
You can reach them by phone at:
- Jim Cardinal | (518) 281-0077
- Alexis Meeks | (518) 828-7618
We can help with homeowners insurance
If you are a first time home buyer or if you currently own a home, we would love the opportunity to help you find the proper coverage at the most competitive rate for your home insurance or rental property insurance. We are dedicated to helping you make the best decisions regarding your insurance and providing our community resources like Mortgage Mondays.
If you would like to receive a quote, give us a call at (518) 456-6688 or click here to begin the process by email.
Thank you,
Ryan Hanley, CIC
[schema type=”organization” orgtype=”LocalBusiness” url=”http://www.MurrayGRP.com/” name=”The Murray Group Insurance Services, Inc” description=”Mortgage Monday: Bridge Loan” street=”1807 Western Avenue” city=”Albany” state=”New York” postalcode=”12203″ country=”US” phone=”518-777-7777″ ]