What is a 401k?

By – Richard Adams A 401K is a savings plans that is offered to employees by employers as a means of encouraging investing for the future and retirement. They differ from an Individual Retirement Plan (IRA) in that they are only offered through the workplace and both the employer and the employee can make contributions …

What are FHA Loans?

An FHA loan is one that is backed or supported by the federal government. However, this is not the only distinction. FHA stands for Federal House Administration, and an FHA loan is put in place when a lender approved by the Federal House Administration provides the insurance required to cover a mortgage-based loan. As such, …