Conventional Versus FHA: Which Should You Choose?
Category: BUSINESS
Don't jump to the conclusion that the better choice is the mortgage with the lower interest rate. FHAs carry a lower interest rate but largely because of their high insurance premiums, they usually (but not always) cost the borrower more.
By Jack M. Guttentag, ContributorProfessor of Finance Emeritus at the Wharton School of the Uni..., 2014-10-05