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Candidates for conventional, uninsured loans are considered prime borrowers. They have at least a 20 percent down payment, good credit and enough income to make mortgage lenders feel safe. Lenders require insurance on loans when borrowers lack sufficient money or credit to offset the risk of financing a home.
What else can I help you with?
What is a conventional Uninsured Mortgage?
Are you sure this is a "mortgage protection" question?
What is a conventional uninsured loan?
What is a conventional uninsured loan?
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.
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.
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 a conventional Uninsured Mortgage?
Are you sure this is a "mortgage protection" question?
What is a conventional uninsured loan?
What is a conventional uninsured loan?
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.
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.
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
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 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%.
What is a conventional ARM loan?
I believe it stands for A djustable R ate Mortgage loan.
