What Are Your Options If You're Underwater On Your Vehicle?
If you're itching to upgrade to a new vehicle or are tired of paying a monthly payment on one that seems to need constant repairs, you may be wondering about your options. Sinking more repair costs into a vehicle that isn't worth much doesn't usually make good financial sense, but you may not yet be ready to commit to a loan on a brand new vehicle. Fortunately, there are a few ways to get out from under an underwater auto loan without declaring bankruptcy or defaulting on your obligations.
4 Reasons To Choose A Conventional Loan Over An FHA Loan
Many people automatically believe that they should go for an FHA loan if they are a first-time homebuyer. However, there may be reason to go for a conventional home loan instead. Here are four reasons why: You Qualify for a Low Down Payment Anyway: If you are only interested in an FHA loan because of the low down payment, which is 3.5%, you may actually be able to receive the same thing if not a little bit less with a conventional home loan.