Conventional Loans: Conventional loans are a popular choice for homebuyers with good credit. They offer flexible terms, competitive interest rates, and a wide range of loan amounts. With a conventional loan, borrowers have the freedom to choose from various down payment options and can avoid mortgage insurance with a 20% down payment.

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- Comparative advantages: Typically offer competitive interest rates and flexible terms. Can be used for various property types, including primary residences, second homes, and investment properties.
- Absolute advantages: Borrowers with good credit scores may qualify for lower interest rates. Can be used for both purchasing and refinancing homes.