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Glossary of Mortgage Products Part 1: Conventional Mortgages

Conventional Loans:

Conventional loans are mortgage loans offered by non-government sponsored lenders. These loan types can range anywher from 10 to 40 years and include:

  • Fixed Rate Loans
  • Adjustable Rate Loans (ARMs)
  • Interest Only Mortgages
  • Combination (1st and 2nd) Loans
  • Balloon Mortgages
  • Renovation/ Rehab / Construction to Permanent Loans
  • Jumbo Mortgages (Note: Effective March 3, 2008 - Jumbo Mortgages are now determined by county and state. Click here to find out more.
  • Reverse Mortgage

If you would like any assistance in comparing one conventional loan with the next, please feel free to contact me at anytime.

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Posted Saturday Mar 08