| |
|
Repayment Mortgage Calculator
Enter Your Details & Click the calculate Button
|
|
 |
|
|
|
| You are here:Home>Conventional Loans>Info Center |
CONVENTIONAL LENDING MADE SIMPLE |
|
A conventional loan is basically any kind of lender agreement that's not backed in full by the Veterans Administration or protected by the FHA (the Federal Housing Administration). All told, there are several broad categories of conventional loans. Fixed rate mortgages are simpler in some cases. A home borrower "locks in" at an interest rate, and he or she pays down the principal and interest on the mortgage every month at that rate.
|
|
|
