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Northbrook, June 15, 2022 (GLOBE NEWSWIRE) — Northbrook, Illinois –
Vice President of Lending at Homeside Financial and radio talk show host at WGN Radio, David Hochbergis using his platform to educate first-time home buyers about the several ways that the Federal Housing Administration’s initiatives can help them move into their first fully owned property.
FHA mortgages are insured by the government. It is the government’s way of helping low and moderate-income families move out of the vicious cycle of generational poverty by buying and owning their first real property. The government plays the role of an insurer to make it easier for mortgage providers to consider applications from those who might not have the money required for the down payment or those who may have lower credit scores and are thus deemed too risky by the mortgage provider.
David Hochberg talks about the benefits offered by FHA mortgages by saying, “Not everyone is born with a silver spoon. In a country as competitive as the United States even graduating from college without any debt is considered a serious leg up. This is not even considering the low-income families who don’t have inherited wealth to tide them over the tough times. They are living paycheck to paycheck and the only …
Full story available on Benzinga.com
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