Conventional mortgages, or conventional loans, are home buyers’ loans that are not offered or secured by government entities. Conventional mortgages can be given out by private lenders, banks, credit unions, or through mortgage companies.
Conventional mortgages, which you can borrow from lenders who handle Florida commercial mortgages, usually have a fixed interest rate that will not change while you have the loan. The federal government does not guarantee these loans, however, some government agencies can secure mortgages for lenders, such as the Federal Housing Administration (FHA) or the U.S. Department of Veterans Affairs (VA).
Conventional mortgages are a resource both borrowers and investors use for financing property. Monroe Funding Corp offers four different types of conventional mortgage loans.
If you are interested in taking out a conventional mortgage, start making an impact on your investments with Monroe Funding Corp. Our private mortgage lending system for real estate is fast and flexible so that you can get to the closing table quickly. For more information, visit us online.
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