Which Loan Is Right For You

Dated: 07/31/2018

Views: 248

A problem that a lot of new homeowners face when trying to secure financing is which loan they should choose.  There are several different options all of which have different requirements as well as benefits.   Two popular types of loans are a conventional loan and an FHA loan.  The primary difference between these two types of loans are, a conventional mortgage product is originated in the private sector and is not insured by the government.  An FHA loan is also originated in the private sector, however gets insured through the Federal Housing Administration.  This insurance protects the lender, not the borrower.  For more in depth information on the difference between home loans and how to secure one, you should speak with a professional loan officer.  For information in how to get in touch with one for your new home, please contact me anytime.

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