Why do many borrowers prefer conventional mortgages?

Most homeowners don't prefer conventional mortgages because they are expensive and more risky than other types of mortgages.

Because they include taxes and insurance in the monthly mortgage payment, so homeowners don't have to worry about paying these items separately.

Because they tend to offer lower interest rates than other types of mortgages, so homeowners pay less to borrow money

Because they offer fixed monthy payments for the life of the loan, so homeowners can budget more easily.