What is the cash back on a conventional loan?

Answer A borrower can receive cash back on a conventional mortgage in the event of a cash out refinance. In this transaction, a borrower mortgages a larger debt on his home than the original debt in order... Read More »

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Is a VA loan better than a conventional home loan?

On One Hand: VA Loan AdvantagesVA loans are underwritten by the Veterans Administration and were created to give veterans the opportunity of home ownership, with the usual credit score and down pay... Read More »

How Is a VA Loan Better Than a Conventional Loan?

The Department of Veterans Affairs (VA) offers a loan guarantee service to help veterans and active-duty service members afford home ownership. Through the guarantee, the VA offers insurance to a p... Read More »

Why is an fha loan better than a conventional loan?

There are numerous types of mortgages on the market today. However, Federal Housing Administration (FHA) mortgages are a good option for borrowers who have low credit scores and who can offer only ... Read More »

What is a conventional uninsured loan?

Conventional uninsured loans are serviced by Fannie Mae or Freddie Mac (the nation's two largest government-sponsored mortgage servicers) with loan amounts under the conventional loan limit for the... Read More »