Skip to content

FHA vs. Conventional Financing

January 29, 2013

2012-07-24 19.57.57

There are several options that one has when purchasing a home…how many rooms, one story or two, this neighborhood or that one? Remember, Location, Location, Location! Besides these obvious choices, the buyer also has a choice when it comes to financing; local bank or private mortgage broker, brick-and-mortar lender or online lending institution, FHA or Conventional? The possibilities do not end with just the physical aspects of the home itself, but rather continue through to the end of the entire transaction until the buyer is handed the keys to their new home.

The obvious pros and cons of choosing particular aspects of a home are obvious, but might not seem so crystal clear when it comes to deciding whether to go with the increasingly-popular FHA loan or going with a conventional one instead. Knowing the basics about each one is paramount to getting the buyer into a loan that he or she will be happy with when all is said and done. Though both loans essentially serve the same purpose, each one has specific characteristics that make each one individual.

Do you want a better job for 2013?

PMC Can Help! 

Whether a new job is your New Years resolution or just a hopeful wish. Take Action! A better jobs awaits you.

Learn more at www.pmccanhelp.com!

FOR A FAST PRE-APPROVAL:
Complete a loan application on our website
http://pmccannhelp.com/mortgage_application.php

Follow our Mortgage on:
http://www.facebook.com/pmccanhelp
http://twitter.com/pmccanhelp
http://www.linkedin.com/in/pmccanhelp

Follow our Realty on:
http://www.facebook.com/pmcrealty,
https://twitter.com/pmcrealty
http://www.linkedin.com/

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: