What is the difference between conventional and FHA mortgage refinancing person?

We refinace our home loan 30 year fixed rate and a normal laenu.Me should choose an FHA loan. We are in a bank, do not lower mortgage intressimääraga.Ma maakler.FHA do not know what it would be better for us. I heard that everything depends on your situation. Our situation is this: We want to make $ 29,000. We need $ 97.500 in our house that is worth about $ 155,000. We will use $ 9,000 to pay off credit debt and the remainder for the renovation (new kitchen and new bathroom) Which loan is best and why? We must have an FHA loan now, because we pay for mortgage insurance for five years.

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