- conventional mortgage
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conventional mortgage see mortgage
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
conventional mortgage
Look at other dictionaries:
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 — 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
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
