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Understanding Home Ownership - The Beginning

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  1. Module 1: Understanding Mindset
    9 Lessons
    |
    1 Quiz
  2. Module 2: Understanding What you want your money to do for you?
    6 Lessons
    |
    1 Quiz
  3. Module 3: Understanding The Types of Real Estate Investments
    7 Lessons
    |
    1 Quiz
  4. Module 4: Understanding The Resources
    11 Lessons
    |
    1 Quiz
  5. Module 5: Understanding The Finance
    15 Lessons
    |
    1 Quiz
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FHA Loans

The Federal Housing Administration (FHA) is a United States  government program that insures mortgages for banks. If you have  health insurance or car insurance, you already understand the  concept: pooling money to spread the risk for everyone. FHA  loans are designed only for homeowners who are going to live in the  property, so you cannot use an FHA-backed loan to buy a pure  investment property. However, you can take advantage of the  exception to the rule that allows the FHA-financed home to have   up to four separate units. In other words, if you plan to live in one of the units, you could buy a duplex, triplex,  or four-plex.