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Buying a house can leave you feeling overwhelmed and under-informed. Not only are you spending every waking hour searching for your perfect home, you also have to think about how you're going to pay for it. And when choosing a mortgage, it's important to find one that works with your budget now, and also 15- to 30-years down the road as well. Because the world of home financing can be a confusing one, let's take a look at two of the most popular loans in the housing market: Conventional and FHA.
Comparing two mortgage options for a property that needs renovations If you're buying a house that needs some love, you've got some work to do. Whatever you're planning - updating the kitchen cabinets, replacing the roof, adding a master suite - it's going to take a bite out of your wallet. So before you run out to buy that first gallon of paint, take some time to consider a couple of home loan options that can help you get the job done. In this blog, we'll compare two popular mortgages: a conventional loan and the FHA 203(k) - a renovation loan that can help you finance remodeling and renovation projects.