Sentences with phrase «rather than conventional mortgages»

For those with FHA rather than conventional mortgages, FHA streamline refinancing is one option to make your mortgage more affordable.

Not exact matches

First - time home buyers with little credit history or a poor credit profile might consider applying for an FHA mortgage rather than a conventional loan.

Private mortgage insurance, which applies to conventional loans, might be more or less expensive than the FHA's mortgage insurance and is supplied by a financial institution rather than the government.

Remember, a number of counties in Massachusetts have higher conforming loan limits, which allows you to get a conventional mortgage rather than a jumbo loan (with higher interest).

Let's look at a few scenarios, why you do not qualify for conventional financing and why you should use a mortgage expert rather than becoming a rate shopper and get a better understanding of your needs and the difference between Home Equity Loan rates & lenders:

Private mortgage insurance, which applies to conventional loans, might be more or less expensive than the FHA's mortgage insurance and is supplied by a financial institution rather than the government.

Private mortgage insurance, which applies to conventional loans, might be more or less expensive than the FHA's mortgage insurance and is supplied by a financial institution rather than the government.