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FHA loan versus 'conventional' mortgage: Which is better?
FHA loan versus 'conventional' mortgage: Which is better?

If you saw the recent White House announcement of lower insurance payments on Federal Housing Administration home mortgages, you might have wondered: Does this matter to me as a potential home buyer or refinancer? Who specifically will benefit from the decrease in fees? The Obama administration estimates that by lowering the FHA's annual mortgage insurance premiums by half a percentage point, as many as 250,000 new buyers will be able to purchase a house. That's great news and overdue. The FHA almost priced itself out of competition with giant investors Fannie Mae and Freddie Mac by raising its premiums several times in recent years. The FHA made itself too expensive and its...

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