FHA Loan vs. Conventional Loans (Mortgage): The Pros and Cons Before You Choose

FHA Loan vs. Conventional Loans (Mortgage): The Pros and Cons Before You Choose | NerdWallet

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Күн бұрын

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@bababooey8688 11 ай бұрын

Thank you for that information. I am pulling out the last 7 strands of hairs on my head dealing with my home search. Thanks again.

@LincolnFelix-s4z Ай бұрын

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@MoneyOpulence Жыл бұрын

This has been very insightful. I wish more KZbinrs take the time to create quality content like this. Thanks for sharing this take on FHA and Conventional Mortgage. Keep it up!

@mercedezholder7706 Жыл бұрын

Thank you for explaining this. I’m currently in the market and this helps me look for better homes.

@KrisAnderson-BOCBank 10 күн бұрын

Great information and very well explained!

@cecilialynch6854 8 ай бұрын

Great helpful info. 1.75% upfront for PMI and monthly payments! That seems crazy!

@Ilovelucy12 Жыл бұрын

Good luck finding a lender who approves 500 even 580

@Psalms20A21 6 ай бұрын

Thank You, very helpful and informative. And Enjoyable! Will share.

@xstalor7720 2 ай бұрын

Thank you so much. You did one of the best job of explaining FHA loan. So basically you don't win either way with a FHA loan, because your paying high in insurance.

@winniejohnson5476 4 ай бұрын

This was a great explanation!! Thank you!

@drea24c 9 ай бұрын

Wish I had found this video sooner.

@Danish2064 3 ай бұрын

Fun fact, you can get up to 50% dti with most conventional loans

@DileoFilms 3 ай бұрын

So you are stuck with private mortgage insurance with an FHA loan, even after you achieve 20% equity?

@eduardovargas6467 2 ай бұрын

Yeah but it lasts for 11 years

@jaymcbride4081 Ай бұрын

Looks that way if you put less than 10% down. If you put 10 or more it only last 11 years.

@Zakdj27 Жыл бұрын

Why would a lender try to get an FHA loan for my sister and then change it to a conventional loan? She has some CC debt and wants to buy my deceased mothers home from the trust my mother setup. She already owns a 1/4 of the house.

@FoodReviewerByNusrat Жыл бұрын

very nice video

@joshharter2624 Жыл бұрын

Excellent video, very informative. As a part of high school graduation this should be required viewing.

@katrinawilliams9095 6 ай бұрын

Thank you so much

@mattiadizard7431 4 ай бұрын

I and my man were told that the credit score must be 580 and his is 550 to get an fha loan

@alex182618 6 ай бұрын

I like the explanation

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I had to have a 640

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@cdaddy20 3 ай бұрын

I mean no malice but you explained this as if you’re not confident or NW attorneys informed you not to commit to any information provided. I understand viewers will find this video informative but its basic info you’ll find on any brochure. Viewers should already have basic knowledge of what’s mentioned before considering large debts. For some viewers, maybe this isn’t your thing and thats fine. Spend the time seeking professionals based on reliable ratings. Just keep in mind it’s all designed to push the debt. It is ALL designed to push debt. If you understand the last sentence then you’ll probably be fine and have an understanding regarding the steps best for you.