Quick thought on low downpayment FHA mortgages

Some of you may choose to work with a Realtor and/or Mortgage broker hoping to apply for a low downpayment, FHA backed loan. If your Realtor, mortgage broker, or attorney, is not familiar with the term 'amendatory clause' you should think twice about working with them. This is an important mandatory document in FHA deals that needs to be signed when you are going to contract on a home purchase.