Do you know the difference between a conventional mortgage and a government-backed home loan such as an FHA loan, VA mortgage, or USDA home loan? There are two big areas some are concerned with; those areas are down payments and mortgage insurance.We’re looking at the differences between conventional and government-backed home loans with this in mind since a home loan down payment and the insurance you’ll need over the course of the loan are … [Read more...]
Down Payment Facts For Home Buyers
Down payment facts for home buyers are incredibly important; these aspects of buying and paying for a home may be glossed over in the planning stages during the initial excitement over potentially owning a home.But once a first-time home buyer starts running the numbers and figuring out how much down might be required on a conventional or FHA mortgage, it’s a sure bet that if down payment help is available it will be used.Do you know what … [Read more...]