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What Is a Conventional Mortgage Loan?
When you apply for a home loan, you have the option to apply for a conventional loan or a government-backed loan. Government-backed loans, such as VA and FHA loans, are insured through the federal...
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Define Conventional Mortgages
When purchasing a home, most buyers need third-party financing to complete the purchase. Mortgages can either be government-backed or conventional. Certain government agencies such as the FHA and VA...
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How to Compare a Conventional Mortgage to a HELOC
A home equity line of credit, or HELOC, uses the equity in your home--the value of the property less the amount you owe on the mortgage--as collateral for a line of credit from your bank. Rates on a...
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Conventional Mortgage Vs. FHA Mortgage
Conventional and FHA mortgages differ mainly in the financial terms they offer home owners. Although both types allow mortgage borrowers of different incomes and financial ability to buy homes, each...
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Conventional Mortgage Rules
A conventional mortgage is basically any mortgage that is not insured by a government-backed agency. According to MortgageLoan.com, conventional mortgages often offer lower interest rates than Federal...
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VA vs. Conventional Mortgages
Federally backed mortgages guaranteed by the Department of Veterans Affairs (VA) share many characteristics with conventional mortgages. Both feature a variety of loan types as well as the private...
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Conventional Mortgage Requirements
A conventional mortgage is a mortgage underwritten by the mortgage giants Freddie Mac and Fannie Mae. These entities underwrite traditional mortgage products, which means that they create the rules and...
View ArticleHow Do I Qualify for a Conventional Mortgage?
Conventional mortgages are issued by banks, credit unions and private mortgage companies. Unlike FHA or VA loans, conventional loans are not insured by the federal government, though borrowers are...
View ArticleDefinition of a Conventional Mortgage
Most simply stated, a conventional loan means a homebuyer’s mortgage is not backed or insured by a government agency such as the Federal Housing Administration (FHA) or Veterans Administration (VA)....
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Orange Tree Insects
Orange trees thrive in warm weather with lots of sunshine and may grow as tall as 50 feet. Home gardeners in U. S. Department of Agriculture Plant Hardiness Zones 8 through 10 can grow orange trees,...
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How Is PMI Premium Paid on a Conventional Mortgage?
PMI stands for private mortgage insurance, and it's used to protect mortgage companies in the event that the owner defaults on their payments. Mortgage companies believe they can sell the house for 80...
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Dwarf Cherry Plants That Are Disease-Resistant
Small cherry (Prunus spp.) trees take up less space in your home landscape and make picking easier than their full-size cousins, but they can be susceptible to a number of diseases. Choosing the...
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How Much Cash Do I Need for a One Million Dollar House?
Taking out a mortgage loan for a house that costs $1 million isn't cheap -- and it's not just the price tag. You'll need to provide a large down payment to convince mortgage lenders to lend you that...
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How to Use a Moka Pot on a Conventional Electric Range
You have plenty of options for brewing coffee at home, from percolators to electric drips and French presses. The diminutive and affordable moka pot uses steam to force hot water upward through coffee...
View ArticleVegan Flourless Chocolate Cake With Squash
Flourless chocolate cakes are one of the few desserts that can match a well-made truffle for intense chocolate flavor. Dense and extremely rich, they're perfect with a cup of strong coffee and are...
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Dry Milk Recipe to Treat Fungus on Squash
As you scan a row of zucchini (Cucurbita pepo), you may notice a gray powdery substance developing on the leaves. Powdery mildew (Oidium spp.) is a fungal infection that spreads over the leaves and...
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203K FHA Vs. Conventional Rehab Mortgage
If you are looking to buy a home, you may find that the best deals are on homes that need a little tender loving care. If the house in question is being sold via a foreclosure or short sale, it is...
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Can You Put Corningware on the Stove?
Corningware dishes have long been a staple of kitchens across America. These durable plates, bowls and serving dishes come in a variety of patterns and sizes to suit a family's needs. Understanding the...
View ArticleWhat Is a Wet Dry Vacuum?
Most homes have a vacuum cleaner for picking up dirt, dust and debris off rugs and floors, but when you have spilled liquid from a large drink, overflowing toilet, tipped bucket or other sources, a...
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Conventional Mortgage Characteristics
When you have a conventional mortgage, the bank loans you money without the backing of a government agency. As a result, conventional means more risk for lenders and more hurdles for you in getting a...
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