FHA-insurance give lenders the confidence to grant mortgages to borrowers unable to put down large down payments. But what if you can afford a down payment of 10 or 20%? Should you consider an FHA loan anyway? Here's why the answer is "probably not:" Conventional mortgage costs often lower.
The biggest difference? Up-front and monthly private mortgage insurance (PMI). - David
Wednesday, April 14, 2010
Conventional mortgage costs often lower - Bankrate
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Bankrate.com,
Buying a Home,
Conventional Loans,
Down Payment,
FHA,
Private Mortgage Insurance (PMI)
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