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Do FHA Loans Have Prepayment Penalties?

Designed for low-to-moderate income borrowers, FHA loans require a lower minimum down payments and credit scores than many conventional loans. Unlike subprime mortgages issued by some conventional commercial lenders, Federal Housing Administration (FHA) loans do not have prepayment penalties. Rules governing FHA loans state that these types of mortgages cannot contain any unnecessary …

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Halloween’s Effect on the Economy

Based on the Keynesian school of economic thought, major spending holidays can have significant short-term benefits for the economy by encouraging extra purchases that might not otherwise occur. According to the National Retail Federation (NRF), in 2019 Americans planned to spend a near-record $8.8 billion on Halloween, the third most expensive Halloween post-recession.  …

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