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But they have a big advantage over FHA loans: You pay mortgage insurance for the life of the loan with a 3.
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Though the fees vary depending on the agency and the type of loan you have, they can exceed 15% of your total balance, and can even reach up to 40% of your total balance in the case of Perkins loans.
But in contrast, traditional installment lenders have built a business based on trust with their customers.
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At this time your loan questionnaire can be accepted if your paycheck is direct deposited; it is the most secure way to offer loans as quickly as our lenders do.
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