Posted on: 05th Aug, 2009 08:57 pm
I'm getting a FHA loan where I can put as little as 3.5% down. A friend that works at a mortgage company said that I should put at least 5% if I go FHA. She said that I would save but what is the comparison between 3.5% and 5% down for a FHA if the loan amount is about 372,000?
Are there any benefit besides lower payments? Tax benefits, PMI would be cheaper, or refunds?
Are there any benefit besides lower payments? Tax benefits, PMI would be cheaper, or refunds?
tlee23
Welcoem to the forum
I think you have covered all the benifits in you questions
"lower payments? Tax benefits, PMI would be cheaper, or refunds?"
Good luck and feel free to ask
Welcoem to the forum
I think you have covered all the benifits in you questions
"lower payments? Tax benefits, PMI would be cheaper, or refunds?"
Good luck and feel free to ask
tlee23
Welcoem to the forum.
loan with 3.5% down and 5% for FHA Loan is the best deal in present condition
Welcoem to the forum.
loan with 3.5% down and 5% for FHA Loan is the best deal in present condition
Great!! thanks for the help.