0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is a conventional Uninsured Mortgage?
Are you sure this is a "mortgage protection" question?
Is there a difference between jumbo mortgage rates and the rates of a conventional mortgage?
A jumbo mortgage is a loan larger than the conventional mortgage limits. The rates of jumbo mortgages is typically 0.25% to 0.5% higher than traditional mortgage rates.
Is one of the advantages of getting a government sponsored mortgage instead of a conventional mortgage?
Government mortgages charge lower interest rates than conventional mortgages.
What is one of the advantages of getting a government-sponsored mortgage instead of a conventional mortgage?
Government mortgages charge lower interest rates than conventional mortgages.
Which is true of an adjustable rate mortgage?
conventional mortgages
What type of mortgage loan has a fixed rate a fixed term and a fixed payment?
Conventional Mortgage
If you took out a conventional mortgage when can your rent out the property?
after 1 year
How are jumbo mortgage rates different than conventional mortgage rates?
Jumbo mortgage rates are generally 0.25-0.50% higher than conventional mortgage rates. Jumbo loans are a higher risk for lenders and therefore are charged higher interest rates to offset that risk, in the event of default.
What does the term jumbo mortgage rate refer to?
A jumbo mortgage is an amount borrowed that is over the conventional limits. A jumbo mortgage rate is the percent interest to be paid on this inflated mortgage.
Do you qualify for the 8000 credit if you go through a conventional mortgage company and not FHA?
Yes. Whether you have a mortgage or not or where you got it is not relevant.
What should you do if you were in an accident and are unisured?
get a lawyer
What are the rates of a Suntrust mortgage?
Suntrust mortgages rates vary on the mortgage deal chosen. The 30 year fixed conventional mortgage, for example, has an annual percentage rate of 3.59%.
