Conventional mortgages are preferred by borrowers with larger down payments and higher credit scores due to better terms and rates compared to FHA loans.
Conventional mortgages are typically chosen by borrowers with larger down payments and higher credit scores as they offer better terms and rates compared to other types of mortgages like FHA loans. Conventional mortgages are conforming loans that adhere to the guidelines set by Fannie Mae and Freddie Mac. The government does not insure conventional mortgages; instead, private mortgage insurance is often required for loans with less than a 20% down payment.
https://brainly.com/question/38551638