Conventional mortgage are generally insured by Private insurance companies whereas other home loans are insured by government agencies like FHA and Department of VA. _________________ Procrastination is the enemy of your financial sucess
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Posted: Thu May 31, 2007 10:26 pm Post subject:
Fannie Mae and Freddie Mac set the loan limit for the conventional mortgage. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
Conventional mortgage is a type of first mortgage made by an institutional lender like a bank or trust company. Generally, the loan amount does not exceed 75% of the lending value of the mortgaged property. The rate of interest for this type of loan may vary with different states as they have various interest limits.
Please refer this article "Conventional Mortgage" to collect more knowledge on this.
adonis
