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Loan fees and interest rates are determined solely by the lender based on the lenders internal policies, underwriting criteria and applicable law. WhiteRockLoans. com has no knowledge of or control over the loan terms offered by a lender. You are urged to read and understand the terms of any loan offered by any lender, whether tribal or state-licensed, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.
Conventional mortgage borrowers typically make larger down payments than FHA borrowers, and they tend to have a more secure financial standing and are less likely to default. A larger down payment means lower monthly payments.
Plus, with the ever-increasing mortgage insurance premiums on FHA loans, payments for conventional loans that dont require private mortgage insurance can be much more manageable in comparison.
In addition, with a conventional loan, you can cancel your mortgage insurance when the principal loan balance drops to 78 of the homes value. FHA loans charge mortgage insurance premiums for the life of the loan. Credit scores for conventional home loans.
No faxing loans have become much popular, as the borrowers do not need to provide unnecessary documentation in order to get the loan. The lenders within our network never put the borrowers in fix by asking them to fax documents. Unlike banks and other traditional lending institutions, our service is much more customer-friendly. With us, you can get the needed cash to fulfill your financial emergency in less than one hour. In addition, you can be very much sure of your privacy, that we never share customers personal information with any third party without their permission.
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