Conventional Home Loan

Conventional Home Loan from Home Loan Center of Washington

By: Home Loan Center of Washington  03/21/2014
Keywords: Home Loan, Home Mortgages, Home Refinance

For those of you who have very strong credit and money down towards the purchase of your new home, a conventional home loan may make the best financial sense. If you have at lease 20% to contribute for a down payment, you will not be required to purchase mortgage insurance. This can save you thousands of dollars every year. You can get into a conventional mortgage for as little as 3.5% down, but you will be required to pay mortgage insurance until the loan to value is 78% or less. This could be a viable option if you plan to be in the home for a long time.

Keywords: Compare Mortgage, Compare Mortgage Interest, conventional financing, Home Financing, Home Loan, Home Mortgages, Home Refinance, Military Mortgage, Mortgage Expert, Rate Quotes

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