Conventional Loan
Definition of "Conventional loan"
Mortgage loan not insured or guaranteed by a governmental agency such as the Federal Home Administration or the Veterans Administration. This type of loan is repayable in fixed monthly payments with a fixed rate and term (typically not exceeding 30 years), secured by real property.
Popular Real Estate Terms
In order to determine what is the definition of utility, we only need to look at what the term comes from. The word utility can be used to describe something useful and when looking at what ...
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