Profile picture for nntong2007

which one should i get fha or conentional loan?

current loan blance 325000; home value 320000; you think i can get conventional loan? thanks
  • February 07 2012 - US
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We 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.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

Answers (4)

Profile picture for The Mortgage Mark

It all depends on what type of mortgage your currently have?  Talk to a couple lenders in your area or post a loan request on Zillow and someone can help you compare all the options avaialble to you. 

  • February 07 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We 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.

Have you looked at mortgage quotes on Zillow Mortgage Marketplace?  You can shop for rates anonymously.  You can also compare rates and fees with different lenders.
 
Thanks,
Candace
Zillow Customer Support
  • February 07 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We 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.

Have you checked to see if your current loan is owned by Freddie Mac or Fannie Mae? You may qualify for a HARP refinance and the beauty of this conventional loan program is NO Mortgage insurance! This would be better than an FHA refinance. Just Google Fannie Mae Look Up and Freddie Mac Owned and enter your property address information. This is the first step. The next step would be to call your bank or mortgage broker.
  • February 07 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We 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.

What type of loan do your currently have and what is your interest rate?
  • February 07 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We 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.