Are you wondering what loan type is best for you, FHA or Conventional? Well, the question FHA loans vs Conventional loans comes with a lot of different factors. Unfortunately, the answer to this question is not as simple as we would like it to be. Having an FHA vs Conventional mortgage will have pros and cons for each and will depend on your specific situation. In this video, we will go over many factors to help you decide FHA vs Conventional loans, which is better. Deciding between an FHA or Conventional loan will sometimes come down to qualifying and other times just preference. There may be times when you may only qualify with an FHA loan, so an FHA loan will be right for you. There may be times when a Conventional loan may save you money and other times a Conventional loan will be more expensive for you. We will just have to weigh all your options to determine Conventional or FHA loan. When deciding FHA vs Conventional loans which is better, you will need to look at your overall composition to determine the correct answer to that question. FHA or Conventional is a good question to ask, but also a complicated one. If you don't know the answer, your loan officer should be able to answer that for you. If you are looking for a loan officer to get you the best deal, you can go to SmartestLoan.com for help.
Are you a Veteran interested in a VA loan? If so, you will want to learn this simple tip. If you have the cash, you can save thousands of dollars. Using a VA home loan to buy a home has many benefits. With a VA loan, it is easier to qualify, there are less restrictions on the credit, better rates, and the debt ratio is a little higher than some other loans. There is one tip with a VA loan that not many people know about. It has to do with the VA home loan funding fee. You may be wondering, how much is the VA funding fee? Well, it depends on a few things. In this video, we will discuss those things and how you can possibly lower your VA funding fee. A Va loan has many benefits, and they are well deserved, so if we can get the funding fee a little lower, that would make this VA loan even better. If you would like to apply for a VA home loan, you can do so at SmartestLoan.com and go to "Purchase" to fill out an application.
