The Difference Between Conforming and Non-Conforming LoansPosted by Tom Crimmins Realty on
What You Should Know About The Different Types of Mortgage Loans Before Becoming a Homeowner
When it comes to buying a home, the whole process may seem quite overwhelming as a first time homeowner or a homeowner moving for the first time in years. There is plenty to read up on when it comes to types of mortgages. Consider your kind of application before choosing a mortgage, whether you're a first-time buyer, downsizing, or refinancing. There is a lot to figure out based on weather you want a conforming loan or a non-conforming loan, here is a quick and simple rundown on the difference between conforming and non-conforming loans.
Conforming Loans: is one that fits the Federal Housing Finance Agency's (FHFA) monetary restrictions as well as…
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