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Government mortgages put a limit on the purchase price of a house. Government mortgages take a long time and a lot of paperwork to get approved.

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Isadore Labadie

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3y ago

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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.


What is one advantage of getting a government-sponsored mortgage instead of a conventional mortgage?

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.


What is one of the advantages of getting a government sponsored mortgage instead of a convential mortgage?

One advantage of getting a government-sponsored mortgage, such as an FHA or VA loan, is typically lower down payment requirements, making homeownership more accessible for individuals with limited savings. Additionally, these loans often come with more favorable interest rates and flexible credit score standards, which can benefit first-time homebuyers or those with less-than-perfect credit histories. This can ultimately lead to lower monthly payments and reduced financial strain.


What is one of the disadvantages of getting a government sponsored mortgaged?

Government mortgages put a limit on the purchase price of a house. Government mortgages take a long time and a lot of paperwork to get approved.

Related Questions

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.


What is one advantage of getting a government-sponsored mortgage instead of a conventional mortgage?

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.


How good do you have to be to get sponsored at skateboarding?

Getting known is hard. Getting sponsored is even harder but, just being able to kickflip a set can get you sponsored. You just have to be seen by the right people. good luck.


What is sponsored fee?

A way of getting money out of you.


How do you make a career out of running?

getting sponsored


What is one of the disadvantages of getting a government sponsored mortgaged?

Government mortgages put a limit on the purchase price of a house. Government mortgages take a long time and a lot of paperwork to get approved.


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.


How to get help getting out of abusive relationship and finding a job?

If you're a female, there's plenty of government sponsored programs available. If you're a man, there's nothing from our government, so contact Dads House. See link below


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.


How do you get sponsored on scooter?

to get sponsored on scooter all u need to do is make a sponsor me tape and send it into the shop or company u wanna get sponsored by with ur name and details on the tape so good luck on getting sponsored


What are the advantages and disadvantages of living in Canada?

Well, one advantage would be beautiful wilderness. Another would be government insurance. A major disadvantage if you are older is that same insurance. One disadvantage is the lack of jobs, but that seems to be getting better.