Conventional loans are a popular type of loan for home buyers, offered by private lenders and requiring a down payment of 3-5% and decent credit. These loans come in two main varieties – conforming loans with a maximum loan amount set by the government, and non-conforming loans with no limit. Borrowers should consider their individual situations to determine which type of loan is right for them.
Original post here: How a conventional mortgage works and how to qualify
No comments:
Post a Comment