Henri and Lila who own the Three Forks Restaurant have decided to possibly purchase a home using an FHA or VA product, (since Henri is also a veteran).
Checklist:
- What is the advantage of using a FHA loan for Henri and Lila and what will be the additional cost to them for using this type of financing?
- What would be the advantage of using a VA loan? Compare the difference in the cost to Henri and Lila for using these two different products (FHA and VA).
- If the loan they receive is eventually sold as a mortgage back security, diagram how the mortgage will travel through different channels to end up being sold on Wall Street.
Complete your response in a 2–3 page APA formatted and styled paper and submit it to the Dropbox before the end of this unit.
Access the Unit 2 Assignment Rubric
