What Is A Conventional Mortgage?
A conventional mortgage is a loan-to-value ratio mortgage where your down payment is 20% or more of the property’s value, and you get a loan value equivalent to at least 80% of the purchase price.
Author: Nancy Tychowski Mortgage Consultant |
A conventional mortgage is a loan-to-value ratio mortgage where your down payment is 20% or more of the property’s value, and you get a loan value equivalent to at least 80% of the purchase price.