Comparison

Your Guide to Comparing FHA vs Conventional Loan Mortgages

FHA vs Conventional Loan Mortgages

FHA loans and conventional mortgages are common mortgages used to finance homes. Whereas Federal Housing Administration (FHA) mortgage loans are insured by the government, conventional loans come solely from private lenders such as credit unions, banks, and mortgage brokerages. FHA loans have lower qualifying standards and lower down payment criteria than conventional loans. Conventional mortgages, …

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The Difference Between a Fixed-Rate And Variable-Rate Mortgage

Variable-Rate VS Fixed-Rate Mortgage

Fixed-rate and variable-rate mortgages are two types of mortgage loans that homeowners use to finance their homes over years. The basic difference between variable rates vs fixed rates is the interest rate. Fixed-rate mortgages have a fixed interest rate that does not fluctuate, no matter the market conditions. Meanwhile, variable-rate mortgages have variable interest rates …

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Mortgage Rates for Second Home vs. Investment Property

There are many questions about second home vs. investment property mortgage rates, but we’re here to answer them. Mortgage rates for rental properties or second homes are higher than primary residences. However, there is less risk in buying a second home as opposed to an investment property. But that doesn’t mean there aren’t costs you …

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Bank Statement Loans: Pros & Cons Every Entrepreneur Should Know About

Loan qualifications are by and large one of the most un-fun procedures we encounter during the home buying process. Endless lists of documents and requirements are enough to keep anybody up late at night, let alone those who don’t hold traditional employment. Entrepreneurs and self-employed professionals are no strangers to the nightmare of income verification …

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