conventional mortgage
Definition 1
A mortgage in which the interest rate does not change during the entire term of the loan. also called Fixed-Rate Mortgage (FRM).
Definition 2
A mortgage that is not insured or guaranteed by the government, as opposed to a government mortgage.
A mortgage in which the interest rate does not change during the entire term of the loan. also called Fixed-Rate Mortgage (FRM).
Definition 2
A mortgage that is not insured or guaranteed by the government, as opposed to a government mortgage.
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