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FHA vs. conventional loans: What’s the difference?
Bankrate via AOL· 1 month agoKey takeaways FHA loans and conventional loans are both issued by private lenders, but FHA loans are insured by the federal government, and conventional...
How much is an FHA loan down payment?
Bankrate via AOL· 5 days agoKey takeaways FHA loans require a minimum 3.5 percent down payment for borrowers with a credit score of 580 or more. Borrowers with a credit score of 500...
How to remove FHA mortgage insurance and lower your payments
Yahoo Personal Finance· 2 months agoFHA mortgage insurance removal is possible if you refinance or qualify for cancellation. Find out if...
Guide to refinancing an FHA loan to a conventional loan
Bankrate via AOL· 2 weeks agoKey takeaways By refinancing an FHA loan to a conventional loan, you could get a lower interest rate...
What is a debt-to-income ratio for a mortgage?
Bankrate via AOL· 4 months agoKey takeaways Your debt-to-income (DTI) ratio is a key factor in getting approved for a mortgage. The lower the DTI for a mortgage the better. Most...
What is a loan-to-value ratio?
Bankrate via AOL· 2 months agoKey takeaways Your loan-to-value (LTV) ratio is the principal of your mortgage loan divided by the value of the property you're buying, usually expressed...
Income requirements to qualify for a mortgage
Bankrate via AOL· 1 month agoKey takeaways There are no specific income requirements to qualify for a mortgage. To determine whether you'll qualify for the loan, lenders use your...
Best construction loan lenders in 2024
Bankrate via AOL· 5 months agoConstruction loans are shorter-term loans used to finance a home’s construction or renovation. Here is Bankrate’s guide to some of the best construction...
Montana first-time homebuyer assistance programs
Bankrate via Yahoo Finance· 1 year agoPierrette Guertin/Shutterstock Skiing, biking, hiking, camping and more — if you live in Montana, you have a host of excuses to enjoy the outdoors. The...
ARM loan requirements in 2024
Bankrate via AOL· 5 months agoKey takeaways ARM loan requirements vary by the type of loan you get — whether conventional or government-backed — as well as the lender. You’ll need to...
