Conventional mortgages are not insured or guaranteed by the federal government (neither a VA nor FHA loan). Conventional mortgages adhere to guidelines set by Fannie Mae and Freddie Mac and may have a fixed interest rate or an adjustable interest rate. While not included in the definition, a reference to a “conventional mortgage” usually means a 15- or 30-year fixed-rate mortgage made by a conventional or traditional bank lender.
When the Pipeline Tightens
Most private lenders are not credit funds. They are conduits — originators bolted onto someone...






















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