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What Home Buyers Should Know About Conventional Mortgages
Posted by Michael Perna on
When it comes to researching mortgage options, hopeful home buyers are bound to run into a number of terms that are unfamiliar to them. From ARMs to FHAs to DTIs, the list of mortgage categories and criteria can quickly start to blend together. As buyers explore the many options available, it's not always clear what the right choice is. Learn more about how conventional loans work and what every home buyer should know about them before they finance a property.
For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.
Conventional Loans Are Not Backed by the Government
USDA, FHA, VA: these loans are all guaranteed by the government. If a homeowner…
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