- Conventional mortgage
- A loan based on the credit of the borrower and on the collateral for the mortgage. The New York Times Financial Glossary
Financial and business terms. 2012.
Conventional mortgage
Look at other dictionaries:
conventional mortgage — see mortgage Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
Conventional Mortgage — A type of mortgage in which the underlying terms and conditions meet the funding criteria of Fannie Mae and Freddie Mac. About 35 50% of mortgages, depending on market conditions and consumer trends, are conventional mortgages. In other words,… … Investment dictionary
conventional mortgage — A mortgage loan based solely upon the value of the mortgaged real estate and the creditworthiness of the borrower. A mortgage loan without insurance or guarantees from a government agency. American Banker Glossary A loan based on the credit of… … Financial and business terms
conventional mortgage — noun : a real estate mortgage not underwritten by a government agency … Useful english dictionary
conventional mortgage loan — noun A fixed or adjustable rate, fully amortized loan secured by a mortgage or deed of trust that is not insured or guaranteed by an agency of the federal government (such as FHA or VA). (Source: Office of Thrift Supervision [ … Wiktionary
mortgage — mort·gage 1 / mȯr gij/ n [Anglo French, from Old French, from mort dead (from Latin mortuus ) + gage security] 1 a: a conveyance of title to property that is given to secure an obligation (as a debt) and that is defeated upon payment or… … Law dictionary
Mortgage calculator — Mortgage calculators are used to help a current or potential real estate owner determine how much they can afford to borrow on a piece of real estate. Mortgage calculators can also be used to compare the costs, interest rates, payment schedules,… … Wikipedia
conventional — con·ven·tion·al /kən ven chə nəl/ adj 1: based on, settled by, or formed by agreement: contractual compare judicial 2, legal 2c 2: of, like, or r … Law dictionary
mortgage — /morgaj/ A mortgage is an interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt. At common law, an estate created by a conveyance absolute in its form, but intended to secure… … Black's law dictionary
mortgage — /morgaj/ A mortgage is an interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt. At common law, an estate created by a conveyance absolute in its form, but intended to secure… … Black's law dictionary
