Question: 1. What is the difference between a conventional loan and an insured mortgage loan? 2. What is the loan-to-value ratio? 3. How does a FHA

  1. 1. What is the difference between a conventional loan and an insured mortgage loan?
  2. 2. What is the loan-to-value ratio?
  3. 3. How does a FHA loan works, including how much down payment the borrower must pay, minimum fico score of the borrower, premiums, and payment terms.
  4. 4. What role does the VA play in real estate financing?
  5. 5. What is a Certificate of Eligibility? What is a Certificate of Reasonable Value?
  6. 6. What service does a private mortgage insurance company provide?

Step by Step Solution

3.30 Rating (147 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Heres a breakdown of the different loan types and related concepts you requested 1 Conventional Loan vs Insured Mortgage Loan Conventional Loan Not in... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

IL