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Conventional loans and FHA loans both offer homebuyers mortgages to assist them in purchasing a home. But what’s the difference?
We’re here to walk you through the differences between thesetwo common types of mortgages and help you figure out which is right for you: FHA or Conventional.
Even buyers approved for a mortgage may have their approval withdrawn just a few days before closing, or even once construction of their new home has begun. Most rescinded mortgage offers can come down to one (or more) of a few common reasons — and if you know what to look out for, these pitfalls will be that much easier to avoid.
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