Answers by Bethany Mendoza

“FHA financing typically offers lower interest rates and more affordable mortgage insurance, and it’s generally easier to qualify due to more flexible credit score and debt-to-income requirements. With a conventional loan, the monthly payment is often higher, but the mortgage insurance can be removed once you reach 20% equity in the home. Ultimately, it comes down to your long-term goals. Are you planning to live in the home for the next 5–7 years, or is this something you see as your forever home? That can help determine which option makes the most sense for you.”

Commission should be discussed upfront and disclosed. However, keep in mind with a discounted Broker you will get discounted service. I would definitely recommend interviewing 2-3 agents to see what marketing they offer. At the end of the day, its the agents job to procure the best offer they can for you and you need to make sure that you are comfortable with the person you are hiring that they are working for you.