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What is one advantage of getting a government-sponsored mortgage instead of a conventional mortgage?
Wiki User
∙ 11y ago
The lender would see a government sponsored mortgage as less risky and give a lower interest rate due to that reduced risk. The degree of risk and rate reduction would depend on the specifics of the government's sponsorship.
Wiki User
∙ 11y ago
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Is one of the advantages of getting a government sponsored mortgage instead of a conventional mortgage?
Government mortgages charge lower interest rates than conventional mortgages.
What is one of the advantages of getting a government-sponsored mortgage instead of a conventional mortgage?
Government mortgages charge lower interest rates than conventional mortgages.
What is the advantage of getting FHA mortgage rate for a home?
The advantage of getting an FHA mortgage rate on one's home is that one does not need a perfect credit score. One is also able to put down a low deposit, sometimes as low as 3 percent.
What are the benefits of getting a second mortgage refinance?
The main benefit of a second mortgage refinance is that it allows one to not have to create a new mortgage. Creating a new mortgage can be a hassle, which a second mortgage can alleviate.
Can a single person get a mortgage?
Yes. Getting approved for a mortgage depends on your ability to pay, not on your marital status.
What is one of the advantages of getting a government-sponsored mortgage instead of a conventional mortgage?
Government mortgages charge lower interest rates than conventional mortgages.
Is one of the advantages of getting a government sponsored mortgage instead of a conventional mortgage?
Government mortgages charge lower interest rates than conventional mortgages.
Will having a reverse mortgage on primary residence stop you from getting another conventional loan for secondary home?
No. The reverse mortgage affects only the property used as collateral for that loan.
What is the advantage of getting FHA mortgage rate for a home?
The advantage of getting an FHA mortgage rate on one's home is that one does not need a perfect credit score. One is also able to put down a low deposit, sometimes as low as 3 percent.
Where can I find more information on getting a mortgage with bad credit?
Check out this article about getting a motgage with bad credit... http://www.finweb.com/mortgage/need-a-mortgage-but-have-bad-credit.html You can learn more about getting a mortgage with bad credit, by visiting www.fha.gov, www.hud.gov, and www.mortgageloansbadcredit.com.
What are the benefits of getting a second mortgage refinance?
The main benefit of a second mortgage refinance is that it allows one to not have to create a new mortgage. Creating a new mortgage can be a hassle, which a second mortgage can alleviate.
Can a single person get a mortgage?
Yes. Getting approved for a mortgage depends on your ability to pay, not on your marital status.
What is a reverse mortgage lead?
A reverse mortgage lead is where you can get names of people that are interested in getting a reverse mortgage. These leads should already have been screened to meet the criteria for a reverse mortgage.
Why would you want an interest only mortgage?
An interest-only mortgage calculator can help you determine how much money you'll save by getting a shorter-term mortgage, refinancing your mortgage and/or making additional payments on your mortgage.
How does one accquire a fixed mortgage?
You should consult your bank about getting a fixed mortgage. You have to do this through your bank and you should weigh the options of this compared to a regular mortgage.
What does it mean to get a home loan?
It means you're getting a mortgage. For the definition of mortgage, see the related link below.
What are advantages of a mortgage?
The 3 most important advantages of Mortgage are: 1. The client does not have to come up with the full amount for the price of the house and hence is able to buy the house sooner. 2. Getting the money at a considerable low interest rates. 3. As you pay your mortgage, you are paying off your debt and hence increasing your home equity and if you are in area where the property prices are rising, you get the advantage of property appreciation!
