A conventional home loan and an FHA loan are both mortgage products that make it possible for home buyers to finance the purchase of a house. While they both help prospective home buyers to get the funding they need to buy a house, they have very different qualities, requirements, and terms.
Read MoreChoosing between a fixed rate and variable rate mortgage largely depends on your needs and plans for the future. Each has its own benefits and drawbacks, depending on your financial situation.
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