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What are the two major types of loans?
What is the nature of a conventional loan?
Why conventional loans are viewed as secure?
When are conventional loans called conforming loans?
Government-sponsored enterprise that buy loans from lenders and repackage them in mortgage-securities to be sold on secondary markets.
How much can a buyer deposit through FHA(Federal Housing Administration)?
How much can a buyer deposit under the VA(Veterans Affairs)?
Under which financing method the seller carries a portion (or sometimes all) of the loan for the buyer?
The seller acquires financing that wraps the new buyer’s mortgage around the seller’s existing mortgage.
What financial method deals with two or more properties pledged as security for repayment of the loan?
When are loans called non-conforming loans?
As you continue to make payments, the certificate of title is held by…