Sentences with phrase «called conventional mortgage»

A mortgage with more than a 20 % down payment is called a conventional mortgage.

Mortgage money obtained from banking or institutional sources, called conventional mortgage money, usually takes between 45 and 90 days to fund.

Mortgage money obtained from banking or institutional sources, called conventional mortgage money, usually takes between 45 and 90 days to fund.

Last week, the Office of Superintendent for Financial Institutions gave notice it is looking into whether it needs to lower the amortization period to 25 years for homeowners with over 20 per cent equity, so - called conventional mortgages that do not require government - backed insurance.

Loans that are not government - insured are called conventional mortgages.

Not exact matches

Now, thanks to tough new mortgage lending and insurance rules announced by federal Finance Minister Bill Morneau in October, some analysts predict that so - called «shadow banking» firms, which operate largely outside the purview of regulators, will see a surge of fresh business from frustrated homebuyers who can't get conventional loans.

To see if a conventional loan refinance makes sense for you, speak with a PennyMac loan officer today by calling [phone] and learn how you can lower your monthly mortgage payment.

I chose Jersey Mortgage over conventional loans like Capital One because I was able to talk to a live person more often, than calling the different companies.

FEDERAL HOME LOAN MORTGAGE CORPORATION (FHLMC)- also called «Freddie Mac,» is a quasi-governmental agency that purchases conventional mortgages from insured depository institutions and HUD - approved mortgage bankers.

• The VA Loans are no down payment up to $ 417,000 • No monthly Mortgage Insurance is required • Many VA Mortgage Loans are assumable • It is easier to qualify for a VA Loan than a conventional loan • VA Mortgage Loans can be streamline refinanced - call an IRRRL Loan

Federal Home Loan Mortgage Corporation (FHLMC) also called «Freddie Mac» A government sponsored entity that purchases conventional mortgage from insured depository institutions and HUD - approved mortgage Mortgage Corporation (FHLMC) also called «Freddie Mac» A government sponsored entity that purchases conventional mortgage from insured depository institutions and HUD - approved mortgage mortgage from insured depository institutions and HUD - approved mortgage mortgage bankers.

These so - called «jumbo» loans, also known as conventional reverse home mortgages, are private reverse mortgages that often work much like a federally insured bank reverse mortgage.

Mortgages that are not considered to be conventional loans are called non conforming loans.

There is only one type of mortgage insurance for conventional mortgage loans, called Private Mortgage Inmortgage insurance for conventional mortgage loans, called Private Mortgage Inmortgage loans, called Private Mortgage InMortgage Insurance.

A conventional mortgage that adheres to guidelines established by Fannie Mae and Freddie Mac is called a conforming loan.

Ultimately, Justice Rogers decided that the mortgage was not a demand mortgage, but a conventional mortgage calling for regular payments and containing a fixed maturity date.

New legislation has also brought about so - called «conforming - jumbo loans» or «high balance mortgages» which are neither jumbo loans nor conforming loans, and range between $ 417,001 and $ 625,500 for conventional loans, and $ 417,001 to $ 729,750 for FHA loans.

With conventional loans, it's called Private Mortgage Insurance, or PMI.

However, if you put down less than 20 percent of the full purchase price on either loan, you are required to also buy mortgage insurance, called PMI on conventional loans and MIP on FHA loans, which generally adds between.5 and 1 percent of the loan amount onto your house payment annually until your loan is 80 percent or less of the value of your house.

And that mortgage financing for any type of home is called conventional financing, and is loaned to the borrower based on their creditworthiness and personal income levels.

Elizabeth Colegrove, I will call my mortgage guy at the bank to see if I can get a 5 % down conventional loan.

A few days before closing, the client received a call from the mortgage company informing him that due to his legal residency status, he was unable to obtain a conventional loan and that the contract would be terminated as a result.

Waiting periods can be shorter for portfolio loans that lenders keep on their own books or longer for so - called conforming or conventional loans that lenders sell to Fannie Mae and Freddie Mac, the government - controlled secondary mortgage market entities, Carpenter added.