FHA Loan vs. Conventional Loans (Mortgage): The Pros and Cons Before You Choose | NerdWallet

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  • Опубліковано 2 гру 2024

КОМЕНТАРІ • 59

  • @bababooey8688
    @bababooey8688 10 місяців тому +17

    Thank you for that information. I am pulling out the last 7 strands of hairs on my head dealing with my home search. Thanks again.

  • @LincolnFelix-s4z
    @LincolnFelix-s4z 29 днів тому +173

    Investments are the roots of financial security; the deeper they grow, the stronger your future will be."

    • @SophiaChloé6f
      @SophiaChloé6f 29 днів тому

      The deeper your investment roots, the stronger your financial security will be in the future.

    • @AbigailOliviaq4l
      @AbigailOliviaq4l 29 днів тому

      Exactly! With my adviser, I’ve cultivated deep investment roots, strengthening my financial security for the future.

    • @LoganGabriel6m
      @LoganGabriel6m 29 днів тому

      I would love an introduction to an adviser who can help me strengthen my financial roots.

    • @AbigailOliviaq4l
      @AbigailOliviaq4l 29 днів тому

      My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further.

    • @LoganGabriel6m
      @LoganGabriel6m 29 днів тому

      Thank you for this amazing tip. I just looked the name up and wrote her.

  • @Ilovelucy12
    @Ilovelucy12 Рік тому +12

    Good luck finding a lender who approves 500 even 580

  • @MoneyOpulence
    @MoneyOpulence Рік тому +12

    This has been very insightful. I wish more UA-camrs take the time to create quality content like this. Thanks for sharing this take on FHA and Conventional Mortgage. Keep it up!

  • @mercedezholder7706
    @mercedezholder7706 Рік тому +4

    Thank you for explaining this. I’m currently in the market and this helps me look for better homes.

  • @cecilialynch6854
    @cecilialynch6854 7 місяців тому +4

    Great helpful info. 1.75% upfront for PMI and monthly payments! That seems crazy!

  • @xstalor7720
    @xstalor7720 Місяць тому

    Thank you so much. You did one of the best job of explaining FHA loan. So basically you don't win either way with a FHA loan, because your paying high in insurance.

  • @DileoFilms
    @DileoFilms 2 місяці тому +3

    So you are stuck with private mortgage insurance with an FHA loan, even after you achieve 20% equity?

    • @eduardovargas6467
      @eduardovargas6467 2 місяці тому +2

      Yeah but it lasts for 11 years

    • @jaymcbride4081
      @jaymcbride4081 17 днів тому

      Looks that way if you put less than 10% down. If you put 10 or more it only last 11 years.

  • @Zakdj27
    @Zakdj27 Рік тому +1

    Why would a lender try to get an FHA loan for my sister and then change it to a conventional loan? She has some CC debt and wants to buy my deceased mothers home from the trust my mother setup. She already owns a 1/4 of the house.

  • @Danish2064
    @Danish2064 3 місяці тому +1

    Fun fact, you can get up to 50% dti with most conventional loans

  • @Psalms20A21
    @Psalms20A21 5 місяців тому +1

    Thank You, very helpful and informative. And Enjoyable!
    Will share.

  • @drea24c
    @drea24c 8 місяців тому +1

    Wish I had found this video sooner.

  • @winniejohnson5476
    @winniejohnson5476 3 місяці тому

    This was a great explanation!! Thank you!

  • @FoodReviewerByNusrat
    @FoodReviewerByNusrat Рік тому +3

    very nice video

  • @mattiadizard7431
    @mattiadizard7431 4 місяці тому

    I and my man were told that the credit score must be 580 and his is 550 to get an fha loan

  • @joshharter2624
    @joshharter2624 Рік тому +4

    Excellent video, very informative. As a part of high school graduation this should be required viewing.

  • @alex182618
    @alex182618 5 місяців тому

    I like the explanation

  • @katrinawilliams9095
    @katrinawilliams9095 5 місяців тому

    Thank you so much

  • @thejuiceisloose3785
    @thejuiceisloose3785 5 місяців тому

    I had to have a 640

  • @BillLattimore-s2i
    @BillLattimore-s2i 2 місяці тому

    005 Jamey Spring

  • @CecilliaOscar-c3h
    @CecilliaOscar-c3h Місяць тому

    Margot Inlet

  • @JaneGrey-n1d
    @JaneGrey-n1d Місяць тому

    Clemens Green

  • @RayPestka-f8i
    @RayPestka-f8i 3 місяці тому

    Wanda Ports

  • @DudleyTatu-g6e
    @DudleyTatu-g6e 2 місяці тому

    Connelly Corners

  • @NumbersKwiat-x5z
    @NumbersKwiat-x5z 2 місяці тому

    Davis Isle

  • @StevenColeman-q4l
    @StevenColeman-q4l 2 місяці тому

    Kirlin Harbors

  • @DrydenTina
    @DrydenTina 2 місяці тому

    646 Breitenberg Mountain

  • @JonathanDryden-j5i
    @JonathanDryden-j5i 2 місяці тому

    Declan Corners

  • @WilliamMartin-r7i
    @WilliamMartin-r7i 2 місяці тому

    Okuneva Ferry

  • @LaurenJensen-q1g
    @LaurenJensen-q1g Місяць тому

    Brody Port

  • @Dev-d4v
    @Dev-d4v 3 місяці тому

    understood nothing

  • @martinsomsson
    @martinsomsson Місяць тому

    082 Garfield Island

  • @TwainMichell-v6z
    @TwainMichell-v6z 2 місяці тому

    Valentina Pine

  • @RM-jb2bv
    @RM-jb2bv 6 місяців тому +2

    WHO tf is FHA for?!!!!

  • @BariGrumbling-e2j
    @BariGrumbling-e2j 2 місяці тому

    Maudie Path

  • @GeorgeLee-z6x
    @GeorgeLee-z6x 2 місяці тому

    Margaretta Squares

  • @ej.24.19
    @ej.24.19 Рік тому +5

    your shelves are a little crooked

    • @colbyreader
      @colbyreader 5 місяців тому

      Really worrying about the important stuff here

    • @Jjsibbley
      @Jjsibbley 4 місяці тому

      Lol ok Mr. Monk

    • @albyDpo
      @albyDpo 29 днів тому

      😂😭

  • @cdaddy20
    @cdaddy20 3 місяці тому

    I mean no malice but you explained this as if you’re not confident or NW attorneys informed you not to commit to any information provided.
    I understand viewers will find this video informative but its basic info you’ll find on any brochure. Viewers should already have basic knowledge of what’s mentioned before considering large debts.
    For some viewers, maybe this isn’t your thing and thats fine. Spend the time seeking professionals based on reliable ratings. Just keep in mind it’s all designed to push the debt. It is ALL designed to push debt.
    If you understand the last sentence then you’ll probably be fine and have an understanding regarding the steps best for you.

  • @kingshomes8546
    @kingshomes8546 Місяць тому

    666 Devil Road

  • @LisaJohnson69Jones-j6c
    @LisaJohnson69Jones-j6c 2 місяці тому

    Pollich Pike

  • @David-x9b2n
    @David-x9b2n 10 днів тому

    Oh you go homeless from rental after 40 years at yahoo?

  • @LorenzoSpratlen
    @LorenzoSpratlen 3 місяці тому

    6508 Murphy Drive

  • @BellEdison-i7y
    @BellEdison-i7y 2 місяці тому

    00099 Luettgen Route

  • @BrowningBaldwin-b4z
    @BrowningBaldwin-b4z 2 місяці тому

    Gutmann Track

  • @같싶
    @같싶 2 місяці тому

    7497 Rau Radial

  • @AnthonyGarcia-u7s
    @AnthonyGarcia-u7s 2 місяці тому

    Altenwerth Circle

  • @JonsonDorothy
    @JonsonDorothy 2 місяці тому

    0356 Sister Via