trying to decide if a conventional or fha refinance loan is the best way to go.

it depends on a few factors such as credit score and loan to value. Feel free to give me a call at 678-571-7433.Tom

That decision depends on your credit score, debt to income ratio and the equity you have in your home.

If you already have a FHA loan you can refinance without getting an appraisal. But if you have pretty good credit (680 or higher) and 5-10% equity a conventional loan may be a better option. A good mortgage lender will look at both options and give you a good recommendation. If you are 680+ score and have 10% equity, you'll likely be better off with conventional in the long run otherwise it may be a toss up or better to go FHA which is also more flexible in getting an approval.

Well if you have a competent loan officer, he can run the numbers on both and give you a side by side comparison and point out the positives and negatives for both.. In general, if you have 20% or more equity, then conventional will be a better deal since you wont have to pay mortgage insurance.. if you have less than 20% equity, but really good credit scores, then you still might be better off with a conventional loan.. but unless we can see the complete picture, it's difficult to advise you properly. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

You would need to see a side by side comparison - based on your specifics - dti, credit profile and scores, equity, and basic general profile. happy to help work through the numbers with you. Local Atlanta Lender. Briggs Cline. Direct = 678-578-0600. www.buckheadhomeloans.com

If you have at least 5% equity in the property, credit scores are good, and your scenario in general doesn't have anything that would be troublesome for Conventional guidelines...then a Conventional is always best long term. Also, it depends on when you obtained your current FHA loan since the MIP is now permanent on 30 year fixed. Even though the MIP was recently reduced, that may not be a benefit to you.