Author: Goldie

What Are Conventional Loans? – MORTGAGE INSURANCE FOR INDIVIDUALS

WHAT ARE CONVENTIONAL LOANS? Conventional mortgages are homebuyer loans not provided or guaranteed by the government. Banks and credit unions offer conventional mortgages. Conventional loans are non-government-backed mortgages. Traditional loans include both conforming and non-conforming loans. Conventional conforming mortgages are governed by Fannie Mae and Freddie Mac (Freddie Mac). Some lenders may allow for non-conforming…

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