Ok, so maybe that last one has nothing to do with buying a home, but there are a lot of important questions you have to ask yourself when thinking about taking out a mortgage.Fixed or adjustable? Coke or Pepsi? 15-year or 30-year? The good thing about FHA mortgages is that almost anyone can get it. So if you have a satisfactory credit record, enough cash to close the loan and sufficient steady income to make monthly mortgage payments without difficulty, then you'll have no trouble getting approved for an FHA mortgage. As a rule of thumb, only people who will reside in the property are eligible for FHA-insured mortgages.
