The interest rate is the cost of ...The lowdown on home loansFremont News Messenger, OH -18 minutes agoWhen the money you owe on your home (mortgage) is amortized, it's divided over a period of time into regular payments. FHA is the Federal Housing Administration. As part of the U.S. Department of Housing and Urban Development (HUD), one of the chief purposes of the FHA is to help people obtain financing for their homes.
