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FHA vs. conventional loans: What’s the difference?
Bankrate via AOL· 4 weeks agoKey takeaways FHA loans and conventional loans are both issued by private lenders, but FHA loans are insured by the federal government, and conventional...
Guide to refinancing an FHA loan to a conventional loan
Bankrate via Yahoo Finance· 4 days 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 Yahoo Finance· 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...
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...
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...
What percentage of your income should go to a mortgage?
Bankrate via AOL· 3 months agoKey takeaways The traditional rule of thumb is that no more than 28% of your monthly gross income or...
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...
What is the 28/36 rule for home affordability?
Bankrate via Yahoo Finance· 8 months ago“How much can I afford to pay for a house?” It’s a question all hopeful homebuyers ask themselves. Coming up with a number might be easy — simply...
5 types of mortgage loans for homebuyers
Bankrate via AOL· 4 months agoKey takeaways The main types of mortgages are conventional loans, government-backed loans, jumbo loans, fixed-rate loans and adjustable-rate loans. There...
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...
