Can a down payment be included in an FHA loan?

Answer A down payment cannot be included in an FHA loan. The minimum down payment for a borrower in a FHA loan transaction is 3.5 percent. However, the down payment can come from gift funds from a relativ... Read More »

Top Q&A For: Can a down payment be included in an FHA loan

Can I Put an Extra Loan Payment to the Principal of a Personal Loan?

You will have a minimum monthly payment amount on any personal loan. You must always repay at least this minimum amount, but you may choose to pay additional money to further reduce your principal-... Read More »

Can i put an extra loan payment to the principal of a personal loan?

On One Hand: Make Extra Payment To PrincipleUsually you can pay extra money on the principle of a personal loan. The extra payment will reduce the interest you pay over the life of the loan because... Read More »

Are property taxes included in a mortgage payment?

When you take out a home mortgage you may opt to have your property taxes added into your payments. The annual property tax is divided into 12 separate amounts and added to your monthly mortgage bi... Read More »

How is a loan payment calculated?

When you take out a loan, the bank sets up a repayment schedule that tells you how much you have to pay each month. Most loans have equal payments, but some offer interest-only payment options.Form... Read More »