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What else can I help you with?
What is a conventional Uninsured Mortgage?
Are you sure this is a "mortgage protection" question?
What is the difference between a fha loan and a conventional loan?
An FHA loan has more guidelines and rules than a conventional loan does. An FHA loans are only available on certain houses and you can get a conventional loan on any house if your credit meets the requirements.
What is conventional financing?
Conventional financing is any loan made by a lender that is not government guaranteed....such as a FHA or VA loan.
Is usda a conventional loan?
yes.
How do you convert a conventional loan to an FHA loan?
One cannot directly convert a loan from one type to another. Rather, one must complete a refinance (in this case, without cash out) to move from a conventional loan to an FHA loan.
What is a conventional Uninsured Mortgage?
Are you sure this is a "mortgage protection" question?
What is conventional loan without PMI ARM?
what is a conventional loan with out p m i
How much down payment on a conventional loan?
What is the minium percent down for conventional loan?
What is the difference between a fha loan and a conventional loan?
An FHA loan has more guidelines and rules than a conventional loan does. An FHA loans are only available on certain houses and you can get a conventional loan on any house if your credit meets the requirements.
What is conventional financing?
Conventional financing is any loan made by a lender that is not government guaranteed....such as a FHA or VA loan.
Can a conventional uninsured loan also be a FHA loan?
Perhaps. This is not uncommon when the lender loses its MIC (Mortgage Insurance Certificate) on a FHA Insured mortgage. The loan may have originated as FHA, which is reflected in the note & security instrument. However, where the loan becomes ineligible, then loan becomes conventional. Most common causes for ineligibility are borrower fraud, misrepresentation, CAIVRs issues, SS number invalid, or extreme risk to FHA Insurance Fund. If you believe you have some rights associated with the loan as originated--you don't. The insurance protects the lender in the event the borrower defaults.
Is usda a conventional loan?
yes.
How do you convert a conventional loan to an FHA loan?
One cannot directly convert a loan from one type to another. Rather, one must complete a refinance (in this case, without cash out) to move from a conventional loan to an FHA loan.
What is the difference between a fixed loan and a conventional loan?
A fixed loan and a conventional loan are related but refer to different aspects of a mortgage. Fixed Loan (Fixed-Rate Mortgage): A fixed loan refers to a mortgage with a fixed interest rate that remains unchanged throughout the loan term. Common terms include 15, 20, or 30 years. Provides predictable monthly payments, making budgeting easier for borrowers. Can be conventional or government-backed (FHA, VA, USDA). Conventional Loan: A conventional loan is a non-government-backed mortgage, meaning it is not insured by FHA, VA, or USDA. Can have a fixed or adjustable interest rate. Typically requires a higher credit score and larger down payment than government-backed loans. Subject to loan limits set by Fannie Mae and Freddie Mac. Key Difference: A fixed loan refers to the interest rate structure (unchanging rate). A conventional loan refers to the type of mortgage (non-government-backed). A conventional loan can be fixed (fixed-rate conventional loan) or adjustable (ARM – Adjustable Rate Mortgage).
Does a 401k loan count against the debt to income ratio for a conventional loan?
Yes, a 401k loan typically counts against the debt-to-income ratio for a conventional loan because it is considered a liability that affects your ability to repay the loan.
Can you change your loan from a hard money loan back to a convetional loan?
refinance the hard money loan back to a conventional bank loan
What is the difference in Conventional loan verses credit card loan?
The primary difference between a conventional loan and a credit card loan is that a conventional loan is given to you in one lump sum whereas a "credit card loan" or line of credit can be drawn down as needed rather than in one lump sum. You can find out more about business lines of credit by visiting www.businessloc.com
