what type of loan is better fha or conventional. currently have a 30 yr conv & want to refi.I currently have a 30 yr conventional, my rate id 6.5 nad balance is 223,000. want to refi to take advantage of todays lower rates. My mortgage guy is pushing an fha loan. I was just wondering which is better? i currently pay pmi due to my ltv ratio and will most likely, with todays values, have to continue. So i am just trying to figure what type of loan will be better for the future too, when i am ready to drop pmi. any opinions are appreciated.December 26 2008 - Providence00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.