As we move through 2024, FHA streamline refinances are starting to make a significant comeback. This resurgence is driven by the potential for substantial monthly savings, particularly for those who purchased homes in 2023 or earlier. If your current interest rate is around 6.5% or higher, now might be the perfect time to consider an…
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When securing a mortgage for your home, choosing between an FHA loan and a conventional loan is a critical decision that could impact your financial strategy and long-term goals. Both loan types have distinct advantages and limitations, particularly regarding down payment requirements, seller credits, and private mortgage insurance (PMI). Down Payment Differences: One of the…
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