30-year Mortgages vs. 15-Year Mortgages
The majority of American home buyers sign up for 30-year fixed-rate mortgages (FRMs) – the staples of mortgage lending. And yet there is another option that may serve…
Conventional Loans articles
Articles about conventional loans: explore the explanations and comparisons below.
6 Facts about Private Mortgage Insurance
Understand who conventional PMI protects, how its cost affects the payment, and why cancellation differs from FHA mortgage insurance.
How to Calculate Your Debt-to-Income Ratio
When you are ready to apply for a mortgage loan, your lender will ask you for all sorts of financial information. One of the things lenders do with this data is to…
How to Qualify for a Mortgage When Your Income Isn’t Steady
Mortgage lenders love to see borrowers with consistent, steady incomes. But not all borrowers have jobs that send a paycheck every two weeks. Of course there are…
Questions to Ask Your Mortgage Lender
Buying a home or refinancing usually involves taking out the biggest loan of your life. It's important to make sure you understand everything that goes into that…
Should I Get a Conventional or FHA Loan?
Work through FHA and conventional loan questions about down payment, credit, mortgage insurance, and the costs in comparable written offers.
What Are Closing Costs?
Separate mortgage fees, prepaid items, and cash to close. Learn which Loan Estimate figures to compare and calculate five-year borrowing cost for two offers.
What Are Mortgage Points?
If you have ever checked out the current status of mortgage interest rates, you may have seen the average points listed next to the rates. What are these points and…
What is a Mortgage Servicer?
You recently closed on your mortgage loan and have been making your payments to your lender. Then one day, you get a letter in the mail informing you that your loan…
What is a Piggyback Mortgage?
In order to achieve the dream of homeownership, many buyers look for creative financing to aid them in their quest. One such option is a piggyback mortgage, which…
What is the Difference Between FHA loans and Conventional Mortgages?
Compare FHA and conventional offers by insurance, cash needed, payment, and program fit. Review written loan costs rather than choosing by rate alone.