Mortgage loans?
is it better to take the proceeds from the sale of our house and use it as a down contribution or use it as cash at closing? The builder is paying 2% towards closing.
Also are FHA loans or conventional loans better?
"> both-- to answer your question. FHA requires 3% down ---conforming 5% down at hand are very few 100% loans in this open market and they are higher than a cats back within rate
If you get an FHA loan, they only require 3% down. With an FHA loan, the PMI rates are lower & rates are somewhat better. If you were looking to put 20% down, go conventional.
Related Questions:
It's really possible to combined two mortgages contained by one loan?
Yes, you may be able to pay bad the two and combine them into one new loan if they are on the same property but if they are two separate excise simple properties with separate mortgages then technically they will enjoy to...
Also are FHA loans or conventional loans better?
"> both-- to answer your question. FHA requires 3% down ---conforming 5% down at hand are very few 100% loans in this open market and they are higher than a cats back within rate
If you get an FHA loan, they only require 3% down. With an FHA loan, the PMI rates are lower & rates are somewhat better. If you were looking to put 20% down, go conventional.
Related Questions:
It's really possible to combined two mortgages contained by one loan?
Yes, you may be able to pay bad the two and combine them into one new loan if they are on the same property but if they are two separate excise simple properties with separate mortgages then technically they will enjoy to...