The share of all loans closed during the month with FHA backing slipped three percentage points to 20 percent with conventional financing increasing by that amount to a 68 percent share. The VA share.
Now, let’s examine the advantages and disadvantages of an FHA to conventional refi. The Pros of Refinancing to a Conventional Mortgage. While mortgage rates continue to fluctuate, home values continue to rise, providing more equity to homeowners. This has given homeowners the leverage to successfully refinance into conventional mortgages.
Financing Vs Loan Make a smart choice on variable vs. fixed-rate loans It’s important when comparing loans that you consider whether the rate is variable or fixed so you can compare apples to apples. You should also.