We are purchasing a new home and the builder is upset we are applying for a FHA Mortgage. The contract was written that we would go conventional, however, FHA is a lower monthly payment, lower interest rate. They are telling me that I need to get a commitment for both types of mortgages – can [...]
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Can you apply for both a conventional and FHA mortgage at the same time?
By admin on Thursday, August 26th, 2010 | No Comments
In doing a 30 year fixed rate mortgage, what is the better option. A bank or credit union or a broker?
I have been researching mortgages for months and no one gives me a straight answer and even if it seems that they do. The next person I talk with has a conflicting answer. It seems that Brokers charge more closing costs but banks don’t seem to have as much information on the market and they [...]
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