What is a conventional mortgage?
A conventional mortgage is usually one where the down payment is equal to 80% or more of the purchase price, a loan to value of or less than 80%, and does not normally require mortgage loan insurance.
Author: Homeguard Funding Ltd. |
A conventional mortgage is usually one where the down payment is equal to 80% or more of the purchase price, a loan to value of or less than 80%, and does not normally require mortgage loan insurance.