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There are some really bad stories there- people who graduated with $150-200K in debt or more, and either can’t find a legal job, or wind up working in miserable, stressful conditions for low pay. The killer is that their debts, being student loans, are not dischargeable in bankruptcy, unlike mortgage loans.
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FHA loans are government-insured mortgages with less-rigorous criteria for borrowers.. Popular with first-time homebuyers, FHA home loans require lower minimum. But there's a catch: borrowers must pay fha mortgage insurance.. The FHA allows home sellers, builders and lenders to pay up to 6.
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