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?

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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 the full answer